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Mar
05
2021
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Posted 2 years 86 days ago ago by Administrator Account
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Daily Market Summary for March 5th
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 in Colorado and Western Cornbelt, negotiated cash trading has been limited on light to moderate demand. In Colorado live purchases traded steady at 114.00 when compared to the last reported market on Wednesday. In the Western Cornbelt, a few, live purchases traded at 113.00. However, not enough live or dressed purchases for a full market trend. Last week in the Western Cornbelt live and dressed purchases traded at 114.00 and 182.00, respectively. So far for Friday in Nebraska negotiated cash trading has been mostly inactive on very light demand. In the Southern Plains negotiated cash trading has been at a standstill. Wednesday was the last reported market in these regions with live purchases at 114.00 and dressed purchases, in Nebraska, traded at 180.00.
Negotiated Sales:
Confirmed: 9,775
Week Ago: 14,623
Year Ago: 5,515
Formula Net
Dressed Steers & Heifers:
Head count priced today: 21,800
Weighted avg. weight: 860 lbs.
Weighted avg. net price: 184.51
Cattle Slaughter under Federal Inspection:
Friday (est) 109,000
Week ago (est) 119,000
Year ago (act) 119,000
Week to Date 594,000
Same Period Last Week 602,000
Same Period Last Year 612,000
Previous Day (est)
Steers & Heifers: 94,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 231.33… -2.55
Select: 220.85… -0.83
Choice/Select Spread: 10.48
Total Load Count: 112
Cutter Cow Cutout:
187.98… +0.18
CME Feeder Cattle Index for March 4th:
134.85... -1.22
Futures Settlements…
Live Cattle:
April: 119.02… +0.47
June: 118.00… +1.03
August: 117.07… +0.85
Feeder Cattle:
March: 134.60… -0.50
April: 139.02… +0.05
May: 145.15… +2.50
April Hogs: 87.17… -0.13
April Crude Oil: 66.09… +2.26
March Corn: 5.6200… +0.1575
March Wheat: 6.5400… +0.0425
Grain Cash Bids:
Kansas City Corn: 5.43… +0.13
Kansas City Wheat: 5.96… +0.05
Financial Markets:
DJIA: 31,497.88… +575.38
S & P 500: 3,841.78…+73.24
NASDAQ: 12,729.69… +206.22
U.S. Dollar Index: 91.92… +0.30