Jan
27
2021
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Posted 80 days ago ago by Administrator Account
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Daily Market Summary for January 27th
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 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 25th:
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