Jan 13 2022

Texas Daily Ag Market News Summary Posted 2 years 95 days ago by Administrator Account

Daily Market Summary for January 13^th

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 Thursday, negotiated cash trading has been limited on light demand in the Texas Panhandle, Nebraska, and the Western Cornbelt. Not enough purchases in any of these regions for a market trend. Negotiated cash trading was at a standstill in Kansas. The last reported market in any region was on Wednesday. In the Texas Panhandle, live purchases traded from 136.00-137.00. On Wednesday in Kansas live purchases traded from 135.00-136.00. In Nebraska live and dressed purchases traded at 137.00 and 218.00, respectively. On Wednesday in the Western Cornbelt live and dressed purchases traded from 137.00-138.00 and at 218.00, respective.

 

Negotiated Sales:

Confirmed:      4,188

Week Ago:       4,395

Year Ago:         5,877

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,500

Weighted avg. weight:        895.00

Weighted avg. net price:     221.71

 

Cattle Slaughter under Federal Inspection:

Thursday (est)                     114,000

Week ago (est)                    113,000

Year ago (act)                      122,000

Week to Date                      455,000

Same Period Last Week    450,000

Same Period Last Year     472,000

Wednesday

Steers & Heifers:  86,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 282.86… +2.93

Select:  272.76… +1.78

Choice/Select Spread: 8.95

Total Load Count: 127

 

Cutter Cow Cutout:

227.73… -0.77

 

CME Feeder Cattle Index for January 12^th:

162.01… -0.20 / -0.12%

1 Year Change: +19.57%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.00… +0.43

April: 140.97… +0.45

June: 136.85… +0.60

 

Feeder Cattle:

January: 162.92… +1.05

March: 166.72… +1.70

April: 170.47… +1.70

 

February Hogs: 77.85… -1.00

January Crude Oil: 82.12… -0.52

 

March Corn: 5.8750… -0.1150

March Wheat: 7.4675… -0.1100

 

Grain Cash Bids:

Omaha Corn: 5.82… -0.12

Kansas City Wheat: 7.28… -0.20

 

Financial Markets:

DJIA: 36,114.41… -177.09

S & P 500: 4,659.12… -67.31

NASDAQ: 14,806.81… -379.84

U.S. Dollar Index: 94.86… -0.06