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Jan
13
2021
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Posted 3 days ago ago by Administrator Account
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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