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Feb
08
2022
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Posted 352 days ago ago by Administrator Account
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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