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Jan
28
2021

Texas Daily AG Market News Summary

Posted 79 days ago 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!



   
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