Feb 16 2022

Texas Daily Ag Market News Summary Posted 3 years 144 days ago by Administrator Account

Daily Market Summary for February 16^th

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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 15^th:

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