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Jan
11
2021
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Posted 56 days ago ago by Administrator Account
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Daily Market Summary for January 11th
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 Monday, negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand, not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern plains live purchases traded at 112.00. In Nebraska, live purchases traded from 110.00-111.00 and dressed purchases traded at 176.00. Last week in Colorado, live purchases traded at 112.00. Last week in the Western Cornbelt live purchases traded at 110.00 and dressed purchases traded from 174.00-177.00.
Negotiated Sales:
Confirmed: 627
Week Ago: 718
Year Ago: 180
Formula Net
Dressed Steers & Heifers:
Head count priced today: 30,400
Weighted avg. weight: 892 lbs.
Weighted avg. net price: 178.51
Cattle Slaughter under Federal Inspection:
Monday (est) 119,000
Week ago (est) 112,000
Year ago (act) 122,000
Previous Day (est)
Steers & Heifers: 91,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 207.69… +0.89
Select: 195.74… -0.95
Choice/Select Spread: 11.95
Total Load Count: 123
Cutter Cow Cutout:
176.51… +1.57
CME Feeder Cattle Index for January 7th:
135.63… +0.28
Futures Settlements…
Live Cattle:
February: 113.40… -1.07
April: 118.35… -0.95
June: 114.95… -0.32
Feeder Cattle:
January: 136.00… +0.18
March: 136.90… +0.08
April: 139.02… -0.05
February Hogs: 68.47… -0.23
January Crude Oil: 52.25… +0.01
March Corn: 4.9225… -0.0400
March Wheat: 6.3475… -0.0400
Grain Cash Bids:
Kansas City Corn: 4.85… -0.04
Kansas City Wheat: 5.64… -0.01
Financial Markets:
DJIA: 31,008.89… -89.28
S & P 500: 3,799.61… -25.07
NASDAQ: 13,036.43… -165.55
U.S. Dollar Index: 90.51… +0.41