Jan 20 2021

Texas Daily Ag Market News Summary Posted 3 years 90 days ago by Administrator Account

Daily Market Summary for January 20^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 PM Wednesday in Kansas, negotiated cash trading has been slow on light to moderate demand. Compared to last week live purchases traded unevenly steady at 110.00. In the Texas Panhandle negotiated cash trading was limited on light demand. A few live purchases traded at 110.00. In the Northern Plains negotiated cash trading was mostly inactive with very light demand. In the Western Cornbelt negotiated cash trading was at a standstill. Not enough purchases in any of these regions for a market trend. Last week in the Texas Panhandle live purchases traded from 110.00-111.00. 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:            14,639

Week Ago:             31,331

Year Ago:                   584

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  15,000

Weighted avg. weight:       914 lbs.

Weighted avg. net price:    178.80

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 120,000

Week ago (est)                    118,000

Year ago (act)                      122,000

Week to Date                      349,000

Same Period Last Week     349,000

Same Period Last Year      367,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 218.91… +1.42

Select:  207.28… +0.84

Choice/Select Spread: 11.63

Total Load Count: 136

            

Cutter Cow Cutout:

177.82… +0.68

   

CME Feeder Cattle Index for January 19^th:

132.81… -0.09

            

Futures Settlements…

Live Cattle:

February: 113.35… +0.03

April: 118.87… -0.48

June: 116.15… -0.57

   

Feeder Cattle:

January: 135.30… +0.90

March: 137.52… +0.72

April: 140.62… +1.02

     

February Hogs: 68.42… +1.95

February Crude Oil: 53.24… +0.26

   

March Corn: 5.2200… -0.0400

March Wheat: 6.6775… -0.0450

   

Grain Cash Bids:

Kansas City Corn: 5.15… -0.04

Kansas City Wheat: 6.07… -0.07

   

Financial Markets:

DJIA: 31,188.38… +257.86

S & P 500: 3,851.85… +52.94

NASDAQ: 13,457.25… +260.07

U.S. Dollar Index: 90.49… -0.01