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Feb
01
2022
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Posted 1 years 234 days ago ago by Administrator Account
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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