Jan
15
2021
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Posted 47 days ago ago by Administrator Account
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Daily Market Summary for January 15th
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 Friday in the Southern Plains and Colorado, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Wednesday was the last reported live market in the Texas Panhandle from 110.00-111.00 and in Kansas from 109.00-111.00. In Nebraska the last reported live market was Tuesday from 109.00-110.00 and Wednesday was the last reported dressed market at 172.00. In Colorado Wednesday was the last reported live market at 109.00. The last market in the Western Cornbelt was on Tuesday with live from 108.00-109.00 and dressed from 173.00-174.00.
Negotiated Sales:
Confirmed: 730
Week Ago: 19,316
Year Ago: 16,437
Formula Net
Dressed Steers & Heifers:
Head count priced today: 15,600
Weighted avg. weight: 898 lbs.
Weighted avg. net price: 178.94
Cattle Slaughter under Federal Inspection:
Friday (est) 115,000
Week ago (est) 117,000
Year ago (act) 115,000
Week to Date 584,000
Same Period Last Week 583,000
Same Period Last Year 608,000
Previous Day (est)
Steers & Heifers: 95,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 212.92… -0.45
Select: 203.08… +2.01
Choice/Select Spread: 9.84
Total Load Count: 140
Cutter Cow Cutout:
176.51… -0.68
CME Feeder Cattle Index for January 14th:
134.45… -1.04
Futures Settlements…
Live Cattle:
February: 112.77… +0.70
April: 118.20… +0.98
June: 116.27… +1.32
Feeder Cattle:
January: 134.57… +1.97
March: 135.82… +2.45
April: 138.30… +2.30
February Hogs: 67.92… +1.62
January Crude Oil: 52.36… -1.21
March Corn: 5.3150… -0.0275
March Wheat: 6.7550… +0.0550
Grain Cash Bids:
Kansas City Corn: 5.25… -0.02
Kansas City Wheat: 6.13… +0.06
Financial Markets:
DJIA: 30,814.26… -177.26
S & P 500: 3,768.25… -27.29
NASDAQ: 12,998.50… -114.14
U.S. Dollar Index: 90.77… +0.53