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Jan
15
2021

Texas Daily Ag Market News Summary

Posted 52 days ago ago by Administrator Account

Daily Market Summary for January 15th

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 in the Southern Plains and Colorado, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Wednesday was the last reported live market in the Texas Panhandle from 110.00-111.00 and in Kansas from 109.00-111.00. In Nebraska the last reported live market was Tuesday from 109.00-110.00 and Wednesday was the last reported dressed market at 172.00. In Colorado Wednesday was the last reported live market at 109.00. The last market in the Western Cornbelt was on Tuesday with live from 108.00-109.00 and dressed from 173.00-174.00.

      

Negotiated Sales:

Confirmed:            730

Week Ago:        19,316

Year Ago:          16,437

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  15,600

Weighted avg. weight:       898 lbs.

Weighted avg. net price:    178.94

        

Cattle Slaughter under Federal Inspection:

Friday (est)                           115,000

Week ago (est)                    117,000

Year ago (act)                      115,000

Week to Date                      584,000

Same Period Last Week     583,000

Same Period Last Year       608,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 212.92… -0.45

Select:  203.08… +2.01

Choice/Select Spread: 9.84

Total Load Count: 140

            

Cutter Cow Cutout:

176.51… -0.68

   

CME Feeder Cattle Index for January 14th:

134.45… -1.04

            

Futures Settlements…

Live Cattle:

February: 112.77… +0.70

April: 118.20… +0.98

June: 116.27… +1.32

   

Feeder Cattle:

January: 134.57… +1.97

March: 135.82… +2.45

April: 138.30… +2.30

     

February Hogs: 67.92… +1.62

January Crude Oil: 52.36… -1.21

   

March Corn: 5.3150… -0.0275

March Wheat: 6.7550… +0.0550

   

Grain Cash Bids:

Kansas City Corn: 5.25… -0.02

Kansas City Wheat: 6.13… +0.06

   

Financial Markets:

DJIA: 30,814.26… -177.26

S & P 500: 3,768.25… -27.29

NASDAQ: 12,998.50… -114.14

U.S. Dollar Index: 90.77… +0.53