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Feb
02
2022

Texas Daily Ag Market News Summary

Posted 297 days ago ago by Administrator Account

Daily Market Summary for February 2nd

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 Wednesday in Nebraska and Western Cornbelt, negotiated cash trading and demand has been moderate. In Nebraska, compared to last week, live purchases traded 3.00-4.00 higher at 140.00 and dressed purchases traded 4.00 higher at 222.00. In the Western Cornbelt, compared to the prior week, live purchases traded 3.00 higher from 140.00-141.00 and dressed purchases traded 4.00 higher at 222.00. Thus far for Wednesday in the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded at 137.00. In Kansas live purchases traded at 136.00.

 

Negotiated Sales:

Confirmed:   36,796

Week Ago:    19,257

Year Ago:            572

Formula Net - Dressed Steers & Heifers:

Head count priced today:   13,300

Weighted avg. weight:        889.00

Weighted avg. net price:     222.44

 

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 121,000

Week ago (est)                     118,000

Year ago (act)                       120,000

Week to Date                       362,000

Same Period Last Week     351,000

Same Period Last Year       354,000

Tuesday

Steers & Heifers:  93,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 283.15… -2.29

Select:  279.57… -0.65

Choice/Select Spread: 3.58

Total Load Count: 130

 

Cutter Cow Cutout:

230.34… -0.40

 

CME Feeder Cattle Index for February 1st:

158.93… +0.16 / 0.10%

1 Year Change: +16.48%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 141.12… +0.82

April: 146.90… +1.53

June: 141.62… +1.65

 

Feeder Cattle:

March: 166.87… +3.17

April: 171.82… +2.67

May: 175.75… +2.23

 

April Hogs: 99.12… +1.45

March Crude Oil: 88.26… +0.06

 

March Corn: 6.2250… -0.1225

March Wheat: 7.5500… -0.1400

 

Grain Cash Bids:

Omaha Corn: 6.23… -0.07

Kansas City Wheat: 7.40… -0.16

 

Financial Markets:

DJIA: 35,629.00… +235.22

S & P 500: 4,589.18… +43.42

NASDAQ: 14,413.10… +60.75

U.S. Dollar Index: 95.97… -0.42