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Jan
06
2021
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Posted 10 days ago ago by Administrator Account
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Daily Market Summary for January 6th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in the Northern Plains. In the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend in these regions. Last week in the Southern Plains live purchases traded at 112.00. For the prior week in Nebraska and Western Cornbelt live purchases traded from 110.00-112.00 and dressed purchases from 175.00-176.00. In Colorado last week live purchases traded from 111.00-112.00.
Negotiated Sales:
Confirmed: 1,509
Week Ago: 12,377
Year Ago: 0
Formula Net
Dressed Steers & Heifers:
Head count priced today: 14,600
Weighted avg. weight: 889 lbs.
Weighted avg. net price: 177.53
Cattle Slaughter under Federal Inspection:
Wednesday (est) 117,000
Week ago (est) 117,000
Year ago (act) 124,000
Week to Date 347,000
Same Period Last Week 352,000
Same Period Last Year 368,000
Previous Day (est)
Steers & Heifers: 92,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 205.27… -0.63
Select: 196.08… -0.41
Choice/Select Spread: 9.19
Total Load Count: 204
Cutter Cow Cutout:
175.77… +0.67
CME Feeder Cattle Index for January 5th:
134.92… -0.21
Futures Settlements…
Live Cattle:
February: 115.00… -0.05
April: 119.27… +0.17
June: 114.95… +0.28
Feeder Cattle:
January: 135.77… -0.90
March: 136.57… -0.85
April: 138.62… -0.75
February Hogs: 69.77… -1.15
January Crude Oil: 50.63… +0.70
March Corn: 4.9500… +0.0325
March Wheat: 6.4750… -0.0650
Grain Cash Bids:
Kansas City Corn: 4.88… +0.03
Kansas City Wheat: 5.74… -0.05
Financial Markets:
DJIA: 30,829.40… +437.80
S & P 500: 3,748.14… +21.28
NASDAQ: 12,740.79… -78.17
U.S. Dollar Index: 89.41… -0.03