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Jan
22
2021
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Posted 41 days ago ago by Administrator Account
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Daily Market Summary for January 22nd
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, negotiated cash trading has been inactive with very light demand in all feeding regions. Not enough purchases for a market trend. Thursday was the last reported market in all major feeding regions. In the Texas Panhandle live purchases were at 111.00. In Kansas live purchases were from 110.00-111.00. In Nebraska and Colorado live purchases were from 109.00-110.00 and in Nebraska dressed purchases at 173.00. In the Western Cornbelt live and dressed purchases were from 108.00-110.00 and 170.00-173.00, respectively.
Negotiated Sales:
Confirmed: 3,113
Week Ago: 730
Year Ago: 7,928
Formula Net
Dressed Steers & Heifers:
Head count priced today: 21,100
Weighted avg. weight: 887 lbs.
Weighted avg. net price: 177.19
Cattle Slaughter under Federal Inspection:
Friday (est) 119,000
Week ago (est) 115,000
Year ago (act) 121,000
Week to Date 588,000
Same Period Last Week 584,000
Same Period Last Year 610,000
Previous Day (est)
Steers & Heifers: 93,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 222.82… +1.62
Select: 213.34… +3.06
Choice/Select Spread: 9.48
Total Load Count: 143
Cutter Cow Cutout:
180.32… +2.37
CME Feeder Cattle Index for January 21st:
133.99… +0.80
Futures Settlements…
Live Cattle:
February: 116.72… +2.62
April: 122.52… +2.57
June: 118.80… +1.68
Feeder Cattle:
January: 137.25… +1.38
March: 144.15… +5.00
April: 146.12… +4.25
February Hogs: 69.92… +1.82
March Crude Oil: 52.27… -0.86
March Corn: 5.0050… -0.2375
March Wheat: 6.3450… -0.2625
Grain Cash Bids:
Kansas City Corn: 4.94… -0.23
Kansas City Wheat: 5.83… -0.23
Financial Markets:
DJIA: 30,996.98… -179.03
S & P 500: 3,841.47… -11.60
NASDAQ: 13,543.06… +12.14
U.S. Dollar Index: 90.22… +0.09