Feb 18 2022

Texas Daily Ag Market News Summary Posted 2 years 67 days ago by Administrator Account

Daily Market Summary for February 18^th

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 Friday, in the Western Cornbelt negotiated cash trading has been limited with light demand. A few live purchases traded at 144.00, however, not enough for a full market trend. Wednesday was the last reported market in the Western Cornbelt with live and dressed purchases from 142.00-143.00 and at 226.00, respectively. In the Southern Plains and Nebraska negotiated cash trading has been mostly inactive on light demand, not enough for a market trend. In the Texas Panhandle the last reported market was on Thursday with live purchases at 142.00. Wednesday was the last reported market in Kansas and Nebraska with live purchases at 142.00 and dressed purchases in Nebraska at 226.00.

 

Negotiated Sales:

Confirmed:        2,396

Week Ago:         3,844

Year Ago:         20,235

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,100

Weighted avg. weight:        865.00

Weighted avg. net price:     224.74

 

Cattle Slaughter under Federal Inspection

Friday (est)                           121,000

Week ago (est)                     120,000

Year ago (act)                       108,000

Week to Date                       609,000

Same Period Last Week     608,000

Same Period Last Year       486,000

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 265.85... -3.74

Select:  262.63... -2.22

Choice/Select Spread: 3.22

Total Load Count: 121

 

Cutter Cow Cutout:

231.41… +0.52

 

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: 143.25… -0.15

April: 145.87… -0.90

June: 141.50… -0.65

 

Feeder Cattle:

March: 165.42… -0.78

April: 170.85… -0.30

May: 175.90… +0.18

 

April Hogs: 109.40… +1.83

March Crude Oil: 91.07... -0.69

 

March Corn: 6.5425… +0.0425

March Wheat: 7.9700… -0.0100

 

Grain Cash Bids:

Omaha Corn: 6.54… +0.04

Kansas City Wheat: 8.05… +0.12

 

Financial Markets:

DJIA: 34,079.12… -229.74

S & P 500: 4,348.97… -31.21

NASDAQ: 13,548.85… -168.29

U.S. Dollar Index: 96.08… +0.28