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Feb
11
2022
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Posted 349 days ago ago by Administrator Account
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Daily Market Summary for February 11th
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 Friday, negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Southern Plains. The last reported market in the Southern Plains was on Wednesday with live purchases at 140.00. In Nebraska on Wednesday live purchases traded at 140.00 and on Thursday dressed purchases traded at 224.00. In the Western Cornbelt on Thursday live and dressed purchases traded from 141.00-142.00 and at 224.00, respectively.
Negotiated Sales:
Confirmed: 3,844
Week Ago: 5,250
Year Ago: 8,539
Formula Net - Dressed Steers & Heifers:
Head count priced today: 33,900
Weighted avg. weight: 872.00
Weighted avg. net price: 223.84
Cattle Slaughter under Federal Inspection
Friday (est) 120,000
Week ago (est) 114,000
Year ago (act) 107,000
Week to Date 608,000
Same Period Last Week 593,000
Same Period Last Year 567,000
Thursday
Steers & Heifers: 94,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 274.52… -0.30
Select: 267.83… -1.12
Choice/Select Spread: 6.69
Total Load Count: 60
Cutter Cow Cutout:
231.84… +0.83
CME Feeder Cattle Index for February 10th:
162.64… -0.09 / -0.06%
1 Year Change: +20.17%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 141.87… -0.48
April: 146.17… -0.70
June: 141.12… -0.48
Feeder Cattle:
March: 166.22… -0.50
April: 170.70… -1.05
May: 174.75… -1.12
April Hogs: 102.22… -1.20
March Crude Oil: 93.10… +3.22
March Corn: 6.5100… +0.0925
March Wheat: 7.9775… +0.2625
Grain Cash Bids:
Omaha Corn: 6.51… +0.09
Kansas City Wheat: 7.94… +0.23
Financial Markets:
DJIA: 34,737.47… -504.22
S & P 500: 4,418.49… -85.57
NASDAQ: 13,791.15… -394.49
U.S. Dollar Index: 96.03… +0.48