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Feb
15
2022
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Posted 345 days ago ago by Administrator Account
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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