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Jan
13
2021

Texas Daily Ag Market News Summary

Posted 90 days ago ago by Administrator Account

Daily Market Summary for January 13th

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 and demand in the Texas Panhandle have been light to moderate with live purchases 1.00 lower compared to the last reported market on Tuesday at 110.00. In Kansas negotiated cash trading and demand have been light to moderate with live purchases 1.00-3.00 lower compared to last week from 109.00-111.00. Negotiated cash trading in Nebraska has been slow on light to moderate demand with a few dressed purchases at 172.00, however not enough for a full market trend. The latest reported market was on Tuesday with live purchases from 109.00-110.00 and dressed purchases from 173.00-174.00. In Colorado negotiated cash trading and demand were light to moderate with live purchases steady compared to Tuesday at 109.00. Negotiated cash trading in the Western Cornbelt was slow on light demand, not enough purchases for a full market trend. The latest reported market in the Western Cornbelt was on Tuesday with live purchases from 108.00-109.00 and dressed purchases from 173.00-174.00.

      

Negotiated Sales:

Confirmed:     31,331

Week Ago:        1,059

Year Ago:            175

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   18,400

Weighted avg. weight:       904 lbs.

Weighted avg. net price:    180.67

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 118,000

Week ago (est)                    117,000

Year ago (act)                      124,000

Week to Date                      349,000

Same Period Last Week     347,000

Same Period Last Year       370,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 211.00… +1.86

Select:  199.06… +0.97

Choice/Select Spread: 11.94

Total Load Count: 143

            

Cutter Cow Cutout:

176.61… +1.06

    

CME Feeder Cattle Index for January 12th:

136.05… -0.17

            

Futures Settlements…

Live Cattle:

February: 112.25… -0.22

April: 117.47… -0.18

June: 115.10… +0.18

   

Feeder Cattle:

January: 133.57… +0.35

March: 134.32… +0.35

April: 136.75… +0.50

     

February Hogs: 66.85… -1.65

January Crude Oil: 52.91… -0.30

   

March Corn: 5.2450… +0.0725

March Wheat: 6.6050… -0.0450

   

Grain Cash Bids:

Kansas City Corn: 5.18… +0.08

Kansas City Wheat: 5.96… +0.03

    

Financial Markets:

DJIA: 31,060.47… -8.22

S & P 500: 3,809.84… +8.65

NASDAQ: 13,128.95… +56.52

U.S. Dollar Index: 90.37… +0.28