Jan 12 2021

Texas Daily Ag Market News Summary Posted 3 years 103 days ago by Administrator Account

Daily Market Summary for January 12^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in Nebraska and the Western Cornbelt has been limited on light demand, however not enough purchases in either region 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:       5,732

Week Ago:           166

Year Ago:          1,094

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:   8,800

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    179.20

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       119,000

Week ago (est)                    118,000

Year ago (act)                      124,000

Week to Date                      235,000

Same Period Last Week     230,000

Same Period Last Year      246,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 209.14… +1.45

Select:  198.09… +2.35

Choice/Select Spread: 11.05

Total Load Count: 172

            

Cutter Cow Cutout:

175.55… -0.96

   

CME Feeder Cattle Index for January 11^th:

136.23… +0.07

            

Futures Settlements…

Live Cattle:

February: 112.47… -0.93

April: 117.65… -0.70

June: 114.92… -0.03

   

Feeder Cattle:

January: 133.22… -2.78

March: 133.97… -2.93

April: 136.25… -2.77

     

February Hogs: 68.50… +0.03

January Crude Oil: 53.21… +0.96

   

March Corn: 5.1725… +0.2500

March Wheat: 6.6500… +0.3025

   

Grain Cash Bids:

Kansas City Corn: 5.10… +0.25

Kansas City Wheat: 5.93… +0.29

   

Financial Markets:

DJIA: 31,068.69… +60.00

S & P 500: 3,801.19… +1.58

NASDAQ: 13,072.43… +36.00

U.S. Dollar Index: 90.07… -0.40