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Jan
26
2021
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Posted 239 days ago ago by Administrator Account
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Daily Market Summary for January 26th
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 Tuesday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been inactive on light demand. Not enough purchases for a market trend. Last week in the in Texas Panhandle live purchases traded from 110.00-111.00. In Kanas 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: 1,048
Week Ago: 2,634
Year Ago: 256
Formula Net
Dressed Steers & Heifers:
Head count priced today: 16,100
Weighted avg. weight: 900 lbs.
Weighted avg. net price: 180.92
Cattle Slaughter under Federal Inspection:
Tuesday (est) 117,000
Week ago (est) 117,000
Year ago (act) 118,000
Week to Date 232,000
Same Period Last Week 229,000
Same Period Last Year 240,000
Previous Day (est)
Steers & Heifers: 91,000
Cows & Bulls: 24,000
Boxed Beef:
Cutout Values:
Choice: 229.06… +2.33
Select: 217.33… +1.12
Choice/Select Spread: 11.73
Total Load Count: 131
Cutter Cow Cutout:
179.25… +0.35
CME Feeder Cattle Index for January 25th:
134.96… +0.48
Futures Settlements…
Live Cattle:
February: 117.00… +0.48
April: 123.10… +0.15
June: 119.47… +0.65
Feeder Cattle:
January: 135.65… -0.90
March: 141.47… -2.38
April: 144.27… -1.98
February Hogs: 70.45… -0.17
March Crude Oil: 52.61… -0.16
March Corn: 5.3225… +0.2075
March Wheat: 6.6525… +0.1675
Grain Cash Bids:
Kansas City Corn: 5.25… +0.21
Kansas City Wheat: 6.11… +0.14
Financial Markets:
DJIA: 30,937.04… -23.03
S & P 500: 3,849.62… -5.74
NASDAQ: 13,626.06… -9.23
U.S. Dollar Index: 90.14… -0.25