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Feb
03
2022

Texas Daily Ag Market News Summary

Posted 357 days ago ago by Administrator Account

Daily Market Summary for February 3rd

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 Thursday in the Southern Plains, negotiated cash trading and demand has been moderate. In the Texas Panhandle, compared to last week, live purchases traded 3.00 higher at 140.00. In Kansas, compared to the prior week, live purchases traded 3.00-4.00 higher from 139.00-140.00. Thus far for Thursday in Nebraska and Western Cornbelt negotiated cash trading has been limited on light to moderate demand. Not enough purchases for a full market trend. Wednesday was the last reported market in these regions. In Nebraska live and dressed purchases traded from 138.00-140.00 and at 222.00, respectively. In the Western Cornbelt live and dressed purchases traded at 140.00 and at 222.00, respectively.

 

Negotiated Sales:

Confirmed:   19,239

Week Ago:      6,142

Year Ago:       25,083

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,500

Weighted avg. weight:        904.00

Weighted avg. net price:     221.21

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     117,000

Week ago (est)                     118,000

Year ago (act)                       116,000

Week to Date                       479,000

Same Period Last Week     469,000

Same Period Last Year       470,000

Wednesday

Steers & Heifers:  92,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 281.46… -1.69

Select:  276.47… -3.10

Choice/Select Spread: 4.99

Total Load Count: 134

 

Cutter Cow Cutout:

230.10… -0.24

 

CME Feeder Cattle Index for February 2nd:

159.25… +0.32 / 0.20%

1 Year Change: +16.86%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 141.60… +0.48

April: 146.75… -0.15

June: 141.52… -0.10

 

Feeder Cattle:

March: 166.72… -0.15

April: 171.80… -0.02

May: 175.62… -0.13

 

April Hogs: 98.37… -0.75

March Crude Oil: 90.27… +2.01

 

March Corn: 6.1675… -0.0575

March Wheat: 7.5175… -0.0325

 

Grain Cash Bids:

Omaha Corn: 6.17… -0.06

Kansas City Wheat: 7.39… -0.01

 

Financial Markets:

DJIA: 35,114.39… -514.61

S & P 500: 4,477.25… -111.93

NASDAQ: 13,898.84… -514.26

U.S. Dollar Index: 95.41… -0.53