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Daily Market Summary for January 10th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market-Strength Indexes

10-Day Index Trendline

Change from Previous Day: +3.39%

Change from 10 Days Ago: +16.04%

 

 60-Day Index Trendline

Change from 60 Days Ago: +34.80%​

Change from 60 Day High:     0.00%

 
Indexes track daily market values for the past 10 & 60 days.
Each daily value is the weighted total of the Gain/(Loss) for
15 market factors compared to the previous trading day.

Thursday Regional Auction Reports

 
Fed Cattle: 
USDA reported Friday afternoon that in the Southern Plains, negotiated cash trading has been light with moderate demand. In the Texas Panhandle, a few live FOB purchases traded from 200.00-201.00. In Kansas, a few live FOB purchases traded at 201.00. However, not enough purchases in either region for a full market trend. Thursday was the last reported market in the Southern Plains with live FOB purchases at 200.00. In Nebraska negotiated cash trading has been light with moderate demand. When compared to the last market on Thursday, live FOB purchases traded steady at 203.00. The last reported dressed delivered market was on Thursday with purchases at 320.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. The last reported market was on Thursday with live FOB purchases from 200.00-205.00 and dressed delivered purchases at 320.00.
Negotiated Sales:
Confirmed:   10,768
Week Ago:    46,139
Year Ago:       9,503
Formula Net - Dressed Steers & Heifers:
Head count priced today:  31,700
Weighted avg. weight:            927
Weighted avg. net price:    316.19
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Cattle Slaughter under Federal Inspection:
Friday                       105,000
Week Ago                121,000
Year Ago                  104,323
Week to Date          579,000
Last Week WTD      471,000
Last Year WTD        527,694
Thursday
Steers & Heifers:      94,000
Cows & Bulls:            23,000
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Boxed Beef:
Cutout Values:
Choice: 332.84… +2.06
Select:  314.14… +5.79
Choice/Select Spread: 18.70
Total Load Count: 128
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Cutter Cow Cutout:
270.12… +3.22
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CME Feeder Cattle Index for January 9th:
278.55… +3.55
52 Week High: 278.55
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Futures Settlements:
Live Cattle:  
February: 198.77… +1.17
April: 199.47… +1.20
June: 194.10… +1.38
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Feeder Cattle:
January: 272.35… +3.13
March: 269.40… +1.10
April: 270.17… +1.10
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February Lean Hogs: 82.55… +0.78
February Crude Oil: 76.66… +2.74
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February Corn: 4.7050… +0.1450
February Wheat: 5.3075… -0.0325
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Grain Cash Bids:
Omaha Corn: 4.45… +0.08
Kansas City Wheat: 5.14… +0.04
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Financial Markets:
DJIA: 41,938.45… -696.75
S & P 500: 5,827.02… -91.20
NASDAQ: 19,161.63… -317.25
U.S. Dollar Index: 109.65… +0.47
Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.