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Jan
14
2021

Texas Daily Ag Market News Summary

Posted 286 days ago ago by Administrator Account

Daily Market Summary for January 14th

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 Thursday, negotiated cash trading has been limited on light demand in the Southern Plains, Nebraska, and the Western Cornbelt, and at a standstill in Colorado. Not enough purchases in any region for a full market trend. The last reported market in the Southern Plains was on Wednesday with live purchases from 110.00-111.00 in the Texas Panhandle and from 109.00-111.00 in Kansas. In Nebraska on Tuesday, live purchases traded from 109.00-110.00 and dressed purchases traded at 172.00 on Wednesday. In Colorado, the last reported market was on Wednesday with live purchases at 109.00. The last 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:        5,877

Week Ago:         9,148

Year Ago:             360

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   18,200

Weighted avg. weight:       910 lbs.

Weighted avg. net price:    180.02

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     120,000

Week ago (est)                    119,000

Year ago (act)                      123,000

Week to Date                      469,000

Same Period Last Week     466,000

Same Period Last Year       493,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 213.37… +2.37

Select:  201.07… +2.01

Choice/Select Spread: 12.30

Total Load Count: 137

            

Cutter Cow Cutout:

177.09… +0.58

   

CME Feeder Cattle Index for January 13th:

135.49… -0.56

            

Futures Settlements…

Live Cattle:

February: 112.07… -0.18

April: 117.22… -0.25

June: 114.95… -0.15

   

Feeder Cattle:

January: 132.60… -0.97

March: 133.37… -0.95

April: 136.00… -0.75

     

February Hogs: 66.30… -0.55

January Crude Oil: 53.57… +0.66

   

March Corn: 5.3425… +0.0975

March Wheat: 6.7000… +0.0950

   

Grain Cash Bids:

Kansas City Corn: 5.27… +0.09

Kansas City Wheat: 6.07… +0.11

   

Financial Markets:

DJIA: 30,991.52… -68.95

S & P 500: 3,795.54… -14.30

NASDAQ: 13,112.64… -16.31

U.S. Dollar Index: 90.18… -0.18