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Jan
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Texas Daily Ag Market News Summary

Posted 243 days ago ago by Administrator Account

Daily Market Summary for January 22nd

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, negotiated cash trading has been inactive with very light demand in all feeding regions. Not enough purchases for a market trend. Thursday was the last reported market in all major feeding regions. In the Texas Panhandle live purchases were at 111.00. In Kansas live purchases were from 110.00-111.00. In Nebraska and Colorado live purchases were from 109.00-110.00 and in Nebraska dressed purchases at 173.00. In the Western Cornbelt live and dressed purchases were from 108.00-110.00 and 170.00-173.00, respectively.

       

Negotiated Sales:

Confirmed:             3,113

Week Ago:                 730

Year Ago:                7,928

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,100

Weighted avg. weight:       887 lbs.

Weighted avg. net price:    177.19

        

Cattle Slaughter under Federal Inspection:

Friday (est)                           119,000

Week ago (est)                    115,000

Year ago (act)                      121,000

Week to Date                      588,000

Same Period Last Week     584,000

Same Period Last Year       610,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 222.82… +1.62

Select:  213.34… +3.06

Choice/Select Spread: 9.48

Total Load Count: 143

            

Cutter Cow Cutout:

180.32… +2.37

   

CME Feeder Cattle Index for January 21st:

133.99… +0.80

            

Futures Settlements…

Live Cattle:

February: 116.72… +2.62

April: 122.52… +2.57

June: 118.80… +1.68

   

Feeder Cattle:

January: 137.25… +1.38

March: 144.15… +5.00

April: 146.12… +4.25

     

February Hogs: 69.92… +1.82

March Crude Oil: 52.27… -0.86

   

March Corn: 5.0050… -0.2375

March Wheat: 6.3450… -0.2625

   

Grain Cash Bids:

Kansas City Corn: 4.94… -0.23

Kansas City Wheat: 5.83… -0.23

   

Financial Markets:

DJIA: 30,996.98… -179.03

S & P 500: 3,841.47… -11.60

NASDAQ: 13,543.06… +12.14

U.S. Dollar Index: 90.22… +0.09