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Jan
26
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Texas Daily Ag Market News Summary

Posted 36 days ago ago by Administrator Account

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