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Feb
08
2022

Texas Daily Ag Market News Summary

Posted 352 days ago ago by Administrator Account

Daily Market Summary for February 8th

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 Tuesday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle. Last week in the Texas Panhandle live purchases traded at 140.0. 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:     4,163

Week Ago:      4,006

Year Ago:           993

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,800

Weighted avg. weight:         881.00

Weighted avg. net price:     223.25

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       121,000

Week ago (est)                     120,000

Year ago (act)                       113,000

Week to Date                       243,000

Same Period Last Week     241,000

Same Period Last Year       247,000

Monday

Steers & Heifers:  88,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 277.46… -1.50

Select:  273.84… -1.20

Choice/Select Spread: 3.62

Total Load Count: 180

 

Cutter Cow Cutout:

232.96… +0.75

 

CME Feeder Cattle Index for February 7th:

161.43… +1.29 / +0.81%

1 Year Change: +19.02%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 141.97… +0.15

April: 146.17… -0.23

June: 141.25… +0.15

 

Feeder Cattle:

March: 166.87… +1.85

April: 171.77… +1.50

May: 175.90… +1.18

 

April Hogs: 103.80… +2.53

March Crude Oil: 89.36… -1.96

 

March Corn: 6.3225… -0.0300

March Wheat: 7.7875… +0.1000

 

Grain Cash Bids:

Omaha Corn: 6.32… -0.03

Kansas City Wheat: 7.71… +0.09

 

Financial Markets:

DJIA: 35,463.37… +372.51

S & P 500: 4,521.31… +37.31

NASDAQ: 14,189.33… +187.15

U.S. Dollar Index: 95.59… +0.19