Jan 11 2022

Texas Daily Ag Market News Summary Posted 2 years 98 days ago by Administrator Account

Daily Market Summary for January 11^th

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Slaughter Cattle:

As of 3:00 PM, Tuesday negotiated cash trade was very limited on light demand in the Texas Panhandle and Kansas. Compared to last week in the Texas Panhandle a limited amount of early live purchases traded most 1.00 lower at 137.00. Compared to last week in Kansas a limited amount of early live purchases traded most 1.00-3.00 lower from 135.00-137.00. Trade was mostly inactive on light demand in all other feeding regions. For the prior week in Nebraska and Western Cornbelt live and dressed purchases traded from 138.00-140.00 and at 220.00, respectively.

 

Negotiated Sales:

Confirmed:      5,342

Week Ago:          404

Year Ago:         5,732

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,600

Weighted avg. weight:        888.00

Weighted avg. net price:    225.86

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                      114,000

Week ago (est)                    117,000

Year ago (act)                      116,000

Week to Date                      227,000

Same Period Last Week    224,000

Same Period Last Year      232,000

Monday

Steers & Heifers:  87,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 278.22… +2.18

Select:  268.63… +2.13

Choice/Select Spread: 9.59

Total Load Count: 150

 

Cutter Cow Cutout:

229.55… +1.19

 

CME Feeder Cattle Index for January 10^th:

162.24… +0.26 / +0.16%

1 Year Change: +19.09%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 137.67… +1.42

April: 141.20… +0.63

June: 136.85… +0.63

 

Feeder Cattle:

January: 162.07… +1.15

March: 166.35… +1.00

April: 170.12… +0.67

 

February Hogs: 77.85… -0.52

January Crude Oil: 81.22… +2.99

 

March Corn: 6.0100… +0.0125

March Wheat: 7.7025… +0.0825

 

Grain Cash Bids:

Omaha Corn: 5.96… +0.01

Kansas City Wheat: 7.62… +0.14

 

Financial Markets:

DJIA: 36,242.37… +174.43

S & P 500: 4,713.11… +42.78

NASDAQ: 15,142.37… +200.03

U.S. Dollar Index: 95.63… -0.36