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Feb
04
2022
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Posted 359 days ago ago by Administrator Account
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Daily Market Summary for February 4th
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 Friday in the Southern Plains, negotiated cash trading was limited on light demand. A few live purchases traded at 139.00. However, not enough for a full market trend. Thursday was the last reported market in the Southern Plains, with the Texas Panhandle at 140.00 and Kansas from 139.00-140.00. Thus far for Friday in Nebraska and Western Cornbelt negotiated cash trading was mostly inactive on very light demand. Not enough purchases for a market trend. Wednesday was the last reported market in these regions. In Nebraska live and dressed purchases traded from 138.00-140.00 and 222.00, respectively. In the Western Cornbelt live and dressed purchases traded at 140.00 and 222.00, respectively.
Negotiated Sales:
Confirmed: 5,230
Week Ago: 2,904
Year Ago: 41,105
Formula Net - Dressed Steers & Heifers:
Head count priced today: 25,200
Weighted avg. weight: 888.00
Weighted avg. net price: 219.07
Cattle Slaughter under Federal Inspection
Friday (est) 114,000
Week ago (est) 117,000
Year ago (act) 114,000
Week to Date 593,000
Same Period Last Week 586,000
Same Period Last Year 584,000
Thursday
Steers & Heifers: 90,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 279.81… -1.65
Select: 276.05… -0.42
Choice/Select Spread: 3.76
Total Load Count: 87
Cutter Cow Cutout:
230.97… +0.87
CME Feeder Cattle Index for February 3rd:
160.17… +0.92 / 0.58%
1 Year Change: +18.08%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 142.05… +0.45
April: 146.87… +0.12
June: 141.37… -0.15
Feeder Cattle:
March: 166.10… -0.62
April: 171.42… -0.38
May: 175.35… -0.27
April Hogs: 100.07… +1.70
March Crude Oil: 92.31… +2.04
March Corn: 6.2050… +0.0375
March Wheat: 7.6325… +0.1150
Grain Cash Bids:
Omaha Corn: 6.21… +0.04
Kansas City Wheat: 7.57… +0.18
Financial Markets:
DJIA: 35,089.28… -25.11
S & P 500: 4,500.56… +23.31
NASDAQ: 14,094.03… +195.19
U.S. Dollar Index: 95.43… +0.05