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Jan
21
2021
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Posted 42 days ago ago by Administrator Account
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Daily Market Summary for January 21st
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 Thursday in Nebraska, negotiated cash trading has been slow to moderate with light demand. Compared to last week dressed purchases traded unevenly steady at 173.00. A few live purchases traded at 109.00. However, not enough live purchases for a full market trend. Wednesday was the last fully reported live market from 109.00-110.00. In Kansas negotiated cash trading was limited on light demand. A few live purchases traded steady with Wednesday’s last reported market at 110.00. Thus far for Thursday in the Texas Panhandle, Colorado and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. Wednesday was the last reported market in the Texas Panhandle and Colorado with live purchases at 110.00 and from 109.00-110.00, respectively. 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: 19,496
Week Ago: 5,877
Year Ago: 59,211
Formula Net
Dressed Steers & Heifers:
Head count priced today: 19,200
Weighted avg. weight: 903 lbs.
Weighted avg. net price: 176.75
Cattle Slaughter under Federal Inspection:
Thursday (est) 120,000
Week ago (est) 120,000
Year ago (act) 122,000
Week to Date 469,000
Same Period Last Week 469,000
Same Period Last Year 489,000
Previous Day (est)
Steers & Heifers: 93,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 221.20… +2.29
Select: 210.28… +3.00
Choice/Select Spread: 10.92
Total Load Count: 127
Cutter Cow Cutout:
177.95… +0.13
CME Feeder Cattle Index for January 20th:
133.19… +0.38
Futures Settlements…
Live Cattle:
February: 114.10… +0.75
April: 119.95… +1.08
June: 117.12… +0.97
Feeder Cattle:
January: 135.87… +0.57
March: 139.15… +1.63
April: 141.87… +1.25
February Hogs: 68.10… -0.32
March Crude Oil: 53.13… -0.18
March Corn: 5.2425… +0.0225
March Wheat: 6.6075… -0.0700
Grain Cash Bids:
Kansas City Corn: 5.17… +0.02
Kansas City Wheat: 6.06… -0.01
Financial Markets:
DJIA: 31,176.01… -12.37
S & P 500: 3,853.07… +1.22
NASDAQ: 13,530.92… +73.67
U.S. Dollar Index: 90.07… -0.41