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Feb
03
2022
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Posted 357 days ago ago by Administrator Account
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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