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Feb
09
2022

Texas Daily Ag Market News Summary

Posted 351 days ago ago by Administrator Account

Daily Market Summary for February 9th

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 Wednesday, negotiated cash trading has been slow on light demand in the Southern Plains. Compared to last week in the Texas Panhandle live purchases have traded steady at 140.00. Compared to last week in Kansas live purchases have traded steady to 1.00 higher at 140.00. Negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt. Not enough purchases for a market trend. 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:     15,271

Week Ago:      36,796

Year Ago:          7,111

Formula Net - Dressed Steers & Heifers:

Head count priced today:   17,200

Weighted avg. weight:        876.00

Weighted avg. net price:     223.19

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 122,000

Week ago (est)                     121,000

Year ago (act)                       116,000

Week to Date                       365,000

Same Period Last Week     362,000

Same Period Last Year       345,000

Tuesday

Steers & Heifers:  94,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 275.79… -1.67

Select:  272.05… -1.79

Choice/Select Spread: 3.74

Total Load Count: 132

 

Cutter Cow Cutout:

231.33… -1.30

 

CME Feeder Cattle Index for February 8th:

162.04… +0.61 / +0.38%

1 Year Change: +19.45%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 142.90… +0.93

April: 147.82… +1.65

June: 142.47… +1.22

 

Feeder Cattle:

March: 168.27… +1.40

April: 172.57… +0.80

May: 176.72… +0.82

 

April Hogs: 104.77… +0.97

March Crude Oil: 89.66… +0.30

 

March Corn: 6.4675… +0.1450

March Wheat: 7.8500… +0.0625

 

Grain Cash Bids:

Omaha Corn: 6.47… +0.15

Kansas City Wheat: 7.85… +0.14

 

Financial Markets:

DJIA: 35,772.15… +308.78

S & P 500: 4,582.60… +61.29

NASDAQ: 14,471.14… +281.81

U.S. Dollar Index: 95.56… -0.08