Feb 04 2022

Texas Daily Ag Market News Summary Posted 2 years 79 days ago by Administrator Account

Daily Market Summary for February 4^th

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 3^rd:

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