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Feb
17
2022
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Posted 343 days ago ago by
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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