Feb 10 2022

Texas Daily Ag Market News Summary Posted 2 years 76 days ago by Administrator Account

Daily Market Summary for February 10^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading in Nebraska has been light to moderate on moderate demand with dressed purchases 2.00 higher compared to last week at 224.00. Not enough live purchases for a market trend. The last reported live market in Nebraska was on Wednesday with live purchases at 140.00. Negotiated cash trading in the Western Cornbelt has been limited on light demand with a few live purchases from 141.00-142.00, however not enough for a market trend. Last week in the Western Cornbelt live and dressed purchases traded at 140.00 and from 220.00-222.00, respectively. Negotiated cash trading in the Southern Plains has been limited on light demand. Not enough purchases for a market trend. The last reported market in the Southern Plains was on Wednesday with live purchases at 140.00.

 

Negotiated Sales:

Confirmed:     29,537

Week Ago:      19,239

Year Ago:         11,356

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:        888.00

Weighted avg. net price:    223.98

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     123,000

Week ago (est)                     117,000

Year ago (act)                       115,000

Week to Date                       488,000

Same Period Last Week     479,000

Same Period Last Year       460,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:       29,000

 

Boxed Beef:

Cutout Values:

Choice: 274.82… -0.97

Select:  268.95… -3.10

Choice/Select Spread: 5.87

Total Load Count: 158

 

Cutter Cow Cutout:

231.01… -0.65

 

CME Feeder Cattle Index for February 9th:

162.73… +0.69 / +0.43%

1 Year Change: +20.01%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 142.35… -0.55

April: 146.87… -0.95

June: 141.60… -0.87

 

Feeder Cattle:

March: 166.72… -1.55

April: 171.75… -0.82

May: 175.87… -0.85

 

April Hogs: 103.42… -1.35

March Crude Oil: 89.88… +0.22

 

March Corn: 6.4175… -0.0500

March Wheat: 7.7150… -0.1350

 

Grain Cash Bids:

Omaha Corn: 6.42… -0.05

Kansas City Wheat: 7.71… -0.14

 

Financial Markets:

DJIA: 35,241.69… -530.46

S & P 500: 4,504.06… -78.54

NASDAQ: 14,185.64… -285.50

U.S. Dollar Index: 95.65… +0.16