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Feb
18
2022
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Posted 342 days ago ago by Administrator Account
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Daily Market Summary for February 18th
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