|
Jan
12
2021
|
|
Posted 54 days ago ago by Administrator Account
|
|
Daily Market Summary for January 12th
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 Tuesday, negotiated cash trading in Nebraska and the Western Cornbelt has been limited on light demand, however not enough purchases in either region 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: 5,732
Week Ago: 166
Year Ago: 1,094
Formula Net
Dressed Steers & Heifers:
Head count priced today: 8,800
Weighted avg. weight: 889 lbs.
Weighted avg. net price: 179.20
Cattle Slaughter under Federal Inspection:
Tuesday (est) 119,000
Week ago (est) 118,000
Year ago (act) 124,000
Week to Date 235,000
Same Period Last Week 230,000
Same Period Last Year 246,000
Previous Day (est)
Steers & Heifers: 91,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 209.14… +1.45
Select: 198.09… +2.35
Choice/Select Spread: 11.05
Total Load Count: 172
Cutter Cow Cutout:
175.55… -0.96
CME Feeder Cattle Index for January 11th:
136.23… +0.07
Futures Settlements…
Live Cattle:
February: 112.47… -0.93
April: 117.65… -0.70
June: 114.92… -0.03
Feeder Cattle:
January: 133.22… -2.78
March: 133.97… -2.93
April: 136.25… -2.77
February Hogs: 68.50… +0.03
January Crude Oil: 53.21… +0.96
March Corn: 5.1725… +0.2500
March Wheat: 6.6500… +0.3025
Grain Cash Bids:
Kansas City Corn: 5.10… +0.25
Kansas City Wheat: 5.93… +0.29
Financial Markets:
DJIA: 31,068.69… +60.00
S & P 500: 3,801.19… +1.58
NASDAQ: 13,072.43… +36.00
U.S. Dollar Index: 90.07… -0.40