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Jan
11
2021

Texas Daily Ag Market News Summary

Posted 289 days ago ago by Administrator Account

Daily Market Summary for January 11th

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 Monday, negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand, not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern plains live purchases traded at 112.00. In Nebraska, live purchases traded from 110.00-111.00 and dressed purchases traded at 176.00. Last week in Colorado, live purchases traded at 112.00. Last week in the Western Cornbelt live purchases traded at 110.00 and dressed purchases traded from 174.00-177.00.

      

Negotiated Sales:

Confirmed:        627

Week Ago:         718

Year Ago:           180

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  30,400

Weighted avg. weight:       892 lbs.

Weighted avg. net price:    178.51

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                    112,000

Year ago (act)                      122,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 207.69… +0.89

Select:  195.74… -0.95

Choice/Select Spread: 11.95

Total Load Count: 123

            

Cutter Cow Cutout:

176.51… +1.57

   

CME Feeder Cattle Index for January 7th:

135.63… +0.28

            

Futures Settlements…

Live Cattle:

February: 113.40… -1.07

April: 118.35… -0.95

June: 114.95… -0.32

   

Feeder Cattle:

January: 136.00… +0.18

March: 136.90… +0.08

April: 139.02… -0.05

     

February Hogs: 68.47… -0.23

January Crude Oil: 52.25… +0.01

   

March Corn: 4.9225… -0.0400

March Wheat: 6.3475… -0.0400

   

Grain Cash Bids:

Kansas City Corn: 4.85… -0.04

Kansas City Wheat: 5.64… -0.01

   

Financial Markets:

DJIA: 31,008.89… -89.28

S & P 500: 3,799.61… -25.07

NASDAQ: 13,036.43… -165.55

U.S. Dollar Index: 90.51… +0.41