Jan 27 2021

Texas Daily Ag Market News Summary Posted 3 years 82 days ago by Administrator Account

Daily Market Summary for January 27^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in Kansas and the Northern Plains. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in either region 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:               1,467

Week Ago:              14,639

Year Ago:                22,076

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  12,100

Weighted avg. weight:       887 lbs.

Weighted avg. net price:    178.48

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 119,000

Week ago (est)                    120,000

Year ago (act)                      124,000

Week to Date                       351,000

Same Period Last Week     349,000

Same Period Last Year       364,000

 

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 229.66… +0.60

Select:  218.99… +1.66

Choice/Select Spread: 10.67

Total Load Count: 121

            

Cutter Cow Cutout:

178.69… -0.56

   

CME Feeder Cattle Index for January 25^th:

134.96… +0.48

            

Futures Settlements…

Live Cattle:

February: 116.45… -0.55

April: 122.62… -0.48

June: 119.05… -0.42

   

Feeder Cattle:

January: 135.62… -0.03

March: 140.07… -1.40

April: 143.07… -1.20

     

February Hogs: 70.57… +0.12

March Crude Oil: 52.85… +0.24

   

March Corn: 5.3400… +0.0175

March Wheat: 6.5825… -0.0700

   

Grain Cash Bids:

Kansas City Corn: 5.26… +0.01

Kansas City Wheat: 6.05… -0.06

   

Financial Markets:

DJIA: 30,302.31… -634.73

S & P 500: 3,750.80… -98.82

NASDAQ: 13,270.60… -355.46

U.S. Dollar Index: 90.63… +0.46