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Feb
16
2022
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Posted 347 days ago ago by Administrator Account
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Daily Market Summary for February 16th
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 Wednesday in the Southern Plains, negotiated cash trading has been moderate to active with good demand. Compared to last week live purchases traded 2.00 higher at 142.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow with light to moderate demand. In Nebraska a few live purchases ranged from 142.00-143.00 and a few dressed at 226.00. In the Western Cornbelt a few live purchases ranged from 141.00-143.00. However, not enough purchases in either region for a full market trend. Last week in Nebraska live and dressed purchases traded at 140.00 and 224.00, respectively. For the prior week in the Western Cornbelt live and dressed purchases traded from 140.00-142.00 and at 224.00, respectively.
Negotiated Sales:
Confirmed: 35,094
Week Ago: 15,271
Year Ago: 82
Formula Net - Dressed Steers & Heifers:
Head count priced today: 12,700
Weighted avg. weight: 866.00
Weighted avg. net price: 227.41
Cattle Slaughter under Federal Inspection
Wednesday (est) 122,000
Week ago (est) 122,000
Year ago (act) 100,000
Week to Date 366,000
Same Period Last Week 365,000
Same Period Last Year 269,000
Tuesday
Steers & Heifers: 95,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 269.62… -0.75
Select: 266.08… -1.74
Choice/Select Spread: 3.54
Total Load Count: 111
Cutter Cow Cutout:
230.63… -1.54
CME Feeder Cattle Index for February 15th:
162.59… -0.12 / -0.07%
1 Year Change: +19.81%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 143.12… +0.22
April: 146.92… +0.02
June: 142.25… +0.13
Feeder Cattle:
March: 167.45… -1.27
April: 172.17… -0.38
May: 176.55… -0.37
April Hogs: 105.40… +1.25
March Crude Oil: 93.66… +1.59
March Corn: 6.4700… +0.0900
March Wheat: 7.8050… +0.0075
Grain Cash Bids:
Omaha Corn: 6.47… +0.09
Kansas City Wheat: 7.78… +0.02
Financial Markets:
DJIA: 34,939.26… -49.58
S & P 500: 4,475.24… +4.17
NASDAQ: 14,131.95… -7.81
U.S. Dollar Index: 95.73… -0.26