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Feb
01
2022

Texas Daily Ag Market News Summary

Posted 298 days ago ago by Administrator Account

Daily Market Summary for February 1st

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 Tuesday, negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Southern Plains. Last week in the Texas Panhandle live purchases traded at 137.00. In Kansas live purchases traded at 136.00. For the prior week in Nebraska live and dressed purchases traded from 136.00-137.00 and at 218.00, respectively. In the Western Cornbelt live and dressed purchases traded from 137.00-138.00 and at 218.00, respectively.

 

Negotiated Sales:

Confirmed:      4,006

Week Ago:    14,795

Year Ago:            549

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,900

Weighted avg. weight:        895.00

Weighted avg. net price:     218.79

 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       121,000

Week ago (est)                     118,000

Year ago (act)                      118,000

Week to Date                       241,000

Same Period Last Week     233,000

Same Period Last Year      234,000

Monday

Steers & Heifers:  94,000

Cows & Bulls:       26,000

 

Boxed Beef:

Cutout Values:

Choice: 285.44… -4.96

Select:  280.22… -3.05

Choice/Select Spread: 5.22

Total Load Count: 127

 

Cutter Cow Cutout:

230.73… +0.89

 

CME Feeder Cattle Index for January 31st:

158.77… +0.33 / 0.21%

1 Year Change: +16.40%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 140.30… +0.73

April: 145.37… +0.85

June: 139.97… +0.90

 

Feeder Cattle:

March: 163.70… +0.68

April: 169.15… +0.70

May: 173.52… +0.62

 

February Hogs: 88.15… -0.32

March Crude Oil: 88.20… +0.05

 

March Corn: 6.3475… +0.0875

March Wheat: 7.6900… +0.0775

 

Grain Cash Bids:

Omaha Corn: 6.30… +0.09

Kansas City Wheat: 7.56… +0.05

 

Financial Markets:

DJIA: 35,393.78… +262.32

S & P 500: 4,545.76… +30.59

NASDAQ: 14,352.35… +121.30

U.S. Dollar Index: 96.28… -0.26