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Feb
07
2022
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Posted 356 days ago ago by Administrator Account
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Daily Market Summary for February 7th
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 Monday, negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Texas Panhandle live purchases traded at 140.00. In Kansas last week live purchases traded from 139.00-140.00. Last week in Nebraska live and dressed purchases traded from 138.00-140.00 and at 222.00, respectively. In the Western Cornbelt last week live and dressed purchases traded at 140.00 and from 220.00-222.00, respectively.
Negotiated Sales:
Confirmed: 573
Week Ago: 855
Year Ago: 39
Formula Net - Dressed Steers & Heifers:
Head count priced today: 36,900
Weighted avg. weight: 878.00
Weighted avg. net price: 219.79
Cattle Slaughter under Federal Inspection
Monday (est) 121,000
Week ago (est) 120,000
Year ago (act) 113,000
Friday
Steers & Heifers: 88,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 278.96… -0.85
Select: 275.04… -1.01
Choice/Select Spread: 3.92
Total Load Count: 80
Cutter Cow Cutout:
232.21… +1.23
CME Feeder Cattle Index for February 4th:
160.14… -0.03 / -0.02%
1 Year Change: +18.21%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 141.82… -0.23
April: 146.40… -0.47
June: 141.10… -0.27
Feeder Cattle:
March: 165.02… -1.08
April: 170.27… -1.15
May: 174.72… -0.63
April Hogs: 101.27… +1.20
March Crude Oil: 91.32… -0.99
March Corn: 6.3525… +0.1475
March Wheat: 7.6875… +0.0550
Grain Cash Bids:
Omaha Corn: 6.35… +0.14
Kansas City Wheat: 7.62… +0.05
Financial Markets:
DJIA: 35,090.86… +1.58
S & P 500: 4,484.00… -16.56
NASDAQ: 14,002.18… -91.85
U.S. Dollar Index: 95.44… -0.05