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Feb
17
2022

Texas Daily Ag Market News Summary

Posted 343 days ago ago by

Daily Market Summary for February 17th

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 Thursday in Nebraska, negotiated cash trading has been slow on light demand. A few live purchases ranged from 142.00-142.50. In the Southern Plains and Western Cornbelt negotiated cash trading has been limited on light demand. In the Texas Panhandle a few live purchases traded at 142.00. However, not enough purchases in any region for a full market trend. Wednesday was the last reported market in all regions. In the Southern Plains live purchases traded at 142.00. In Nebraska live and dressed purchases traded at 142.00 and 226.00, respectively. In the Western Cornbelt live and dressed purchases traded from 142.00-143.00 and at 226.00, respectively.

 

Negotiated Sales:

Confirmed:        13,336

Week Ago:         29,537

Year Ago:           17,235

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,600

Weighted avg. weight:        871.00

Weighted avg. net price:     227.71

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     122,000

Week ago (est)                     123,000

Year ago (act)                       109,000

Week to Date                       488,000

Same Period Last Week     488,000

Same Period Last Year       378,000

Wednesday

Steers & Heifers:  93,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 269.59… -0.03

Select:  264.85… -1.23

Choice/Select Spread: 4.74

Total Load Count: 161

 

Cutter Cow Cutout:

230.89… +0.26

 

CME Feeder Cattle Index for February 16th:

162.14… -0.45 / -0.28%

1 Year Change: +18.97%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 143.40… +0.28

April: 146.77… -0.15

June: 142.15… -0.10

 

Feeder Cattle:

March: 166.20… -1.25

April: 171.15… -1.02

May: 175.72… -0.83

 

April Hogs: 107.57… +2.17

March Crude Oil: 91.76… -1.90

 

March Corn: 6.5000… -0.0300

March Wheat: 7.9800… +0.1750

 

Grain Cash Bids:

Omaha Corn: 6.50… +0.03

Kansas City Wheat: 7.93… +0.15

 

Financial Markets:

DJIA: 34,308.86… -630.40

S & P 500: 4,380.18… -95.06

NASDAQ: 13,717.14… -414.81

U.S. Dollar Index: 95.82… +0.12