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Jan
19
2021

Texas Daily Ag Market Summary

Posted 44 days ago ago by Administrator Account

Daily Market Summary for January 19th

The Daily Market News Report brought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!


Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at standstill in Kansas and Northern Plains. In the Texas Panhandle and Western Cornbelt negotiated cash trading has been very limited with very light demand. In the Western Cornbelt a few live purchases traded at 105.00. However, not enough purchases for a full market trend. Last week in the Texas Panhandle live purchases traded from 110.00-111.00. For the prior week in Kansas live purchases traded from 109.00-111.00. For previous week in Nebraska live and dressed purchases traded from 109.-110.00 and 172.00-174.00, respectively. Last week in Colorado live purchases traded at 109.00. For prior week in the Western Cornbelt live and dressed purchases traded from 108.00-109.00 and at 173.00, respectively.
       
Negotiated Sales:
Confirmed:             2,634
Week Ago:              5,732
Year Ago:                   234
       
Formula Net
Dressed Steers & Heifers:
Head count priced today:  16,300
Weighted avg. weight:       893 lbs.
Weighted avg. net price:    181.15
         
Cattle Slaughter under Federal Inspection:
Tuesday (est)                       117,000
Week ago (est)                    115,000
Year ago (act)                      124,000
Week to Date                      229,000
Same Period Last Week     231,000
Same Period Last Year       245,000
Previous Day (est)
Steers & Heifers:  87,000
Cows & Bulls:        25,000
                                                                                                               
Boxed Beef:
Cutout Values:
Choice: 217.49… +2.45
Select:  206.44… +0.60
Choice/Select Spread: 11.05
Total Load Count: 148
             
Cutter Cow Cutout:
177.14… +0.09
    
CME Feeder Cattle Index for January 14th:
134.45… -1.04
             
Futures Settlements…
Live Cattle:
February: 113.32… +0.55
April: 119.35… +1.15
June: 116.72… +0.45
    
Feeder Cattle:
January: 134.40… -0.17
March: 136.80… +0.98
April: 139.60… +1.30
      
February Hogs: 66.47… -1.45
February Crude Oil: 52.98… +0.62
    
March Corn: 5.2600… -0.0550
March Wheat: 6.7225… -0.0325
    
Grain Cash Bids:
Kansas City Corn: 5.19… -0.06
Kansas City Wheat: 6.14… +0.01
    
Financial Markets:
DJIA: 30,930.52… +116.26
S & P 500: 3,798.91… +30.66
NASDAQ: 13,197.18… +198.68
U.S. Dollar Index: 90.77… -0.27