(800)-Tell-TDA
835-5832
Jan
29
2021

Texas Daily AG Market News Summary

Posted 236 days ago ago by Administrator Account



Daily Market Summary for January 29th

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 Friday, negotiated cash trading has been slow on light demand in the Northern Plains. Compared to last week live purchases have traded 3.00-4.00 higher mostly at 113.00. In Nebraska, compared to the prior week, dressed purchases have traded 5.00 higher at 178.00. So far for Friday in the Southern Plains and Western Cornbelt negotiated cash trading has been limited on light demand. In the Southern Plains a few live purchases have traded at 113.00. In the Western Cornbelt a few dressed purchases have traded at 178.00. However, not enough for a full market trend in any of these regions. Last week in the in Texas Panhandle live purchases traded from 110.00-111.00. In Kanas live purchases traded at 110.00. In the Western Cornbelt on Thursday live purchases traded at 112.00. Last week dressed purchases traded from 170.00-173.00.
        
Negotiated Sales:
Confirmed:              29,471
Week Ago:                 3,113
Year Ago:                  2,607
       
Formula Net
Dressed Steers & Heifers:
Head count priced today:  20,200
Weighted avg. weight:       894 lbs.
Weighted avg. net price:    178.06
         
Cattle Slaughter under Federal Inspection:
Friday (est)                           120,000
Week ago (est)                    119,000
Year ago (act)                       119,000
Week to Date                       591,000
Same Period Last Week     588,000
Same Period Last Year       606,000
 
Previous Day (est)
Steers & Heifers:  95,000
Cows & Bulls:        25,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 233.95… -1.96
Select:  222.70… +1.82
Choice/Select Spread: 11.25
Total Load Count: 75
             
Cutter Cow Cutout
178.87… -0.11
    
CME Feeder Cattle Index for January 28th
136.02… +0.68
             
Futures Settlements…
Live Cattle:
February: 115.05… -0.95
April: 121.85… -0.85
June: 117.60… -1.22
    
Feeder Cattle:
March: 137.72… -2.08
April: 140.75… -1.92
May: 142.37… -2.00
      
February Hogs: 69.80… -0.15
March Crude Oil: 52.20… -0.20
    
March Corn: 5.4700… +0.1250
March Wheat: 6.6300… +0.1600
    
Grain Cash Bids
Kansas City Corn: 5.40… +0.12
Kansas City Wheat: 6.08… +0.12
    
Financial Markets:
DJIA: 29,982.74… -619.80
S & P 500: 3,714.24… -73.10
NASDAQ: 13,070.69… -266.47
U.S. Dollar Index: 90.56… +0.10