Jan
08
2021
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Posted 95 days ago ago by Administrator Account
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Daily Market Summary for January 8th
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 Friday in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In Nebraska a few dressed purchases traded at 176.00 steady with the last reported market on Thursday. On Thursday live purchases traded from 110.00-111.00. In the Western Cornbelt and Kansas not enough purchases for a market trend. Thus far for Friday in the Texas Panhandle and Colorado negotiated cash trading was at a standstill. Thursday was the last fully reported market in these regions. In the Southern Plains and Colorado live purchases traded at 112.00. In the Western Cornbelt live and dressed purchases traded at 110.00 and 175.00-177.00, respectively.
Negotiated Sales:
Confirmed: 19,316
Week Ago: None
Year Ago: 63,706
Formula Net
Dressed Steers & Heifers:
Head count priced today: 14,000
Weighted avg. weight: 884 lbs.
Weighted avg. net price: 180.34
Cattle Slaughter under Federal Inspection:
Friday (est) 117,000
Week ago (est) 0
Year ago (act) 120,000
Week to Date 583,000
Same Period Last Week 448,000
Same Period Last Year 612,000
Previous Day (est)
Steers & Heifers: 93,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 206.80… +0.99
Select: 196.69… +0.10
Choice/Select Spread: 10.11
Total Load Count: 138
Cutter Cow Cutout:
174.94… +0.58
CME Feeder Cattle Index for January 7th:
135.63… +0.28
Futures Settlements…
Live Cattle:
February: 114.47… -0.50
April: 119.30… -0.20
June: 115.27… -0.10
Feeder Cattle:
January: 135.82… -0.88
March: 136.82… -0.75
April: 139.07… -0.60
February Hogs: 68.70… -0.42
January Crude Oil: 52.24… +1.41
March Corn: 4.9625… +0.0225
March Wheat: 6.3875… -0.0350
Grain Cash Bids:
Kansas City Corn: 4.89… +0.02
Kansas City Wheat: 5.65… -0.04
Financial Markets:
DJIA: 31,097.97… +56.84
S & P 500: 3,824.68… +20.89
NASDAQ: 13,201.98… +134.50
U.S. Dollar Index: 90.05… +0.21