Jan
14
2021
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Posted 52 days ago ago by Administrator Account
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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