Jan 28 2021

Texas Daily AG Market News Summary Posted 3 years 78 days ago by Administrator Account

Daily Market Summary for January 28th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited with light demand in Kansas. A few live purchases traded at 112.00. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. In the Texas Panhandle and Colorado negotiated cash trading has been at a standstill. Not enough purchases for a full market trend in any region. 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:               6,200

Week Ago:              19,496

Year Ago:                30,385

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  13,700

Weighted avg. weight:       901 lbs.

Weighted avg. net price:    177.98

         

Cattle Slaughter under Federal Inspection:

Thursday (est)                     120,000

Week ago (est)                    120,000

Year ago (act)                      123,000

Week to Date                       471,000

Same Period Last Week      469,000

Same Period Last Year        487,000

 

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 231.99… +2.33

Select:  220.88… -1.89

Choice/Select Spread: 11.11

Total Load Count: 110

             

Cutter Cow Cutout: 

178.98… +0.29

    

CME Feeder Cattle Index for January 27th: 

135.34… +0.51

             

Futures Settlements…

Live Cattle:

February: 116.00… -0.45

April: 122.70… +0.08

June: 118.82… -0.23

    

Feeder Cattle:

January: 135.70… +0.08

March: 139.80… -0.27

April: 142.67… -0.40

      

February Hogs: 69.95… -0.62

March Crude Oil: 52.34… -0.51

    

March Corn: 5.3450… -0.0050

March Wheat: 6.4700… -0.1125

    

Grain Cash Bids: 

Kansas City Corn: 5.28… +0.01

Kansas City Wheat: 5.96… -0.11

    

Financial Markets:

DJIA: 30,602.54… +300.23

S & P 500: 3,787.34… +36.54

NASDAQ: 13,337.16… +66.56

U.S. Dollar Index: 90.49… -0.16