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Jan
07
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Texas Daily Ag Market News Summary

Posted 9 days ago ago by Administrator Account

Daily Market Summary for January 7th

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 Thursday, negotiated cash trading has been limited with light demand in Kansas, Northern Plains and Western Cornbelt. A few dressed purchases have traded at 177.00 in Nebraska and Western Cornbelt. Not enough for a full market trend. In the Texas Panhandle negotiated cash trading has been at a standstill. 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:          9,148

Week Ago:         34,836

Year Ago:             3,118

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,100

Weighted avg. weight:       897 lbs.

Weighted avg. net price:    180.34

        

Cattle Slaughter under Federal Inspection:

Thursday (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: 205.81… +0.54

Select:  196.59… +0.51

Choice/Select Spread: 9.22

Total Load Count: 176

            

Cutter Cow Cutout:

175.77… +0.67

   

CME Feeder Cattle Index for January 6th:

135.35… +0.43

            

Futures Settlements…

Live Cattle:

February: 114.97… -0.03

April: 119.50… +0.23

June: 115.37… +0.42

   

Feeder Cattle:

January: 136.70… +0.93

March: 137.57… +1.00

April: 139.67… +1.05

      

February Hogs: 69.12… -0.65

January Crude Oil: 50.83… +0.20

   

March Corn: 4.9400… -0.0100

March Wheat: 6.4225… -0.0525

   

Grain Cash Bids:

Kansas City Corn: 4.87… -0.01

Kansas City Wheat: 5.69… -0.05

   

Financial Markets:

DJIA: 31,041.13… +211.73

S & P 500: 3,803.79… +55.65

NASDAQ: 13,067.48… +326.69

U.S. Dollar Index: 89.84… +0.31