Jan 25 2022

Texas Daily Ag Market News Summary Posted 2 years 83 days ago by Administrator Account

Daily Market Summary for January 25^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 Tuesday, negotiated cash trading has been slow on light demand in the Southern Plains, Nebraska and Western Cornbelt. In the Southern Plains a few live purchases traded at 137.00. In Nebraska a few live and dressed purchases traded at 137.00 and 218.00, respectively. In the Western Cornbelt a few dressed purchases traded at 218.00. However, not enough purchases for a market trend in any region. Last week in the Southern Plains live purchases traded at 137.00. In Nebraska for the prior week live and dressed purchases traded from 137.00-138.00 and at 218.00, respectively. In the Western Cornbelt for the previous week live and dressed purchases traded from 137.00-139.00 and at 218.00, respectively.

 

Negotiated Sales:

Confirmed:       14,795

Week Ago:        10,021

Year Ago:            1,028

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,200

Weighted avg. weight:        883.00

Weighted avg. net price:     220.98

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       118,000

Week ago (est)                     117,000

Year ago (act)                       117,000

Week to Date                       233,000

Same Period Last Week     230,000

Same Period Last Year       233,000

Monday

Steers & Heifers:  89,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 292.38… -1.12

Select:  283.32… -1.47

Choice/Select Spread: 9.06

Total Load Count: 143

 

Cutter Cow Cutout:

228.63… -1.81

 

CME Feeder Cattle Index for January 24^th:

159.77… -0.69 / -0.43%

1 Year Change: +18.38%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.10… +0.78

April: 140.10… +0.03

June: 135.42… -0.15

 

Feeder Cattle:

January: 158.55… +0.08

March: 159.85… -1.40

April: 165.27… -1.10

 

February Hogs: 87.45… +1.13

March Crude Oil: 85.60… +2.29

 

March Corn: 6.2000… -0.0100

March Wheat: 8.1800… +0.1750

 

Grain Cash Bids:

Omaha Corn: 6.15… -0.01

Kansas City Wheat: 8.05… +0.17

 

Financial Markets:

DJIA: 34,299.41… -58.87

S & P 500: 4,356.57… -55.98

NASDAQ: 13,545.62… -323.28

U.S. Dollar Index: 95.98… +0.07