Feb 07 2022

Texas Daily Ag Market News Summary Posted 3 years 158 days ago by Administrator Account

Daily Market Summary for February 7^th

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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 4^th:

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