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Feb
11
2022

Texas Daily Ag Market News Summary

Posted 349 days ago ago by Administrator Account

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