(800)-Tell-TDA
835-5832
Jan
25
2021

Texas Daily Ag Market News Summary

Posted 240 days ago ago by Administrator Account

Daily Market Summary for January 25th

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 Monday in all major feeding regions, negotiated cash trading has been at a standstill. Last week in the in Texas Panhandle live purchases traded from 110.00-111.00. In Kansas live purchases traded at 110.00. For the prior week in the Northern Plains live purchases traded from 109.00-110.00 and dressed purchases, in Nebraska, traded at 173.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 105.00-110.00 and from 170.00-173.00, respectively.

       

Negotiated Sales:

Confirmed:                  40

Week Ago:                   11

Year Ago:                   199

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  34,300

Weighted avg. weight:       904 lbs.

Weighted avg. net price:    176.65

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       118,000

Week ago (est)                    112,000

Year ago (act)                      122,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 226.73… +3.91

Select:  216.21… +2.87

Choice/Select Spread: 10.52

Total Load Count: 91

            

Cutter Cow Cutout:

178.90… -1.42

   

CME Feeder Cattle Index for January 22nd:

134.48… +0.49

            

Futures Settlements…

Live Cattle:

February: 116.52… -0.20

April: 122.95… +0.43

June: 118.82… +0.02

   

Feeder Cattle:

January: 136.55… -0.70

March: 143.85… -0.30

April: 146.25… +0.13

     

February Hogs: 70.62… +0.70

March Crude Oil: 52.77… +0.50

   

March Corn: 5.1150… +0.1100

March Wheat: 6.4850… +0.1400

   

Grain Cash Bids:

Kansas City Corn: 5.04… +0.10

Kansas City Wheat: 5.97… +0.14

   

Financial Markets:

DJIA: 30,960.07… -36.91

S & P 500: 3,855.36… +13.89

NASDAQ: 13,635.29… +92.23

U.S. Dollar Index: 90.37… +0.13