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Feb
15
2022

Texas Daily Ag Market News Summary

Posted 345 days ago ago by Administrator Account

Daily Market Summary for February 15th

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, Nebraska and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Southern Plains. Last week in the Southern Plains live purchases traded at 140.00. In Nebraska last week live and dressed purchases traded at 140.00 and 224.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 140.00-142.00 and at 224.00, respectively.

 

Negotiated Sales:

Confirmed:           761

Week Ago:         4,163

Year Ago:                69

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,500

Weighted avg. weight:        878.00

Weighted avg. net price:     226.16

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       123,000

Week ago (est)                     122,000

Year ago (act)                         92,000

Week to Date                       244,000

Same Period Last Week     243,000

Same Period Last Year       169,000

Monday

Steers & Heifers:  96,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 270.37… -3.59

Select:  267.82… -0.93

Choice/Select Spread: 2.55

Total Load Count: 165

 

Cutter Cow Cutout:

232.17… -0.18

 

CME Feeder Cattle Index for February 14th:

162.71… -0.45 / -0.28%

1 Year Change: +20.04%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 142.90… +0.48

April: 146.90… +0.55

June: 142.12… +0.67

 

Feeder Cattle:

March: 168.72… +1.85

April: 172.55… +1.05

May: 176.92… +1.37

 

April Hogs: 104.15… +1.83

March Crude Oil: 92.07… -3.39

 

March Corn: 6.3800… -0.1775

March Wheat: 7.7975… -0.1950

 

Grain Cash Bids:

Omaha Corn: 6.37… -0.19

Kansas City Wheat: 7.74… -0.25

 

Financial Markets:

DJIA: 34,988.84… +423.19

S & P 500: 4,471.07… +69.68

NASDAQ: 14,139.76… +344.82

U.S. Dollar Index: 95.99… -0.38