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Feb
22
2022
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Posted 338 days ago ago by Administrator Account
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Daily Market Summary for February 22nd
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 Tuesday, negotiated cash trading has been at a standstill in the Texas Panhandle and Nebraska. In Kansas and the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Nebraska live purchases traded at 142.00 and dressed purchases, in Nebraska, traded at 226.00. For the prior week in the Western Cornbelt live and dressed purchases traded from 142.00-144.00 and at 226.00, respectively.
Negotiated Sales:
Confirmed: 1,076
Week Ago: 761
Year Ago: 2,036
Formula Net - Dressed Steers & Heifers:
Head count priced today: 28,600
Weighted avg. weight: 866.00
Weighted avg. net price: 225.00
Cattle Slaughter under Federal Inspection
Tuesday (est) 123,000
Week ago (est) 123,000
Year ago (act) 123,000
Week to Date 231,000
Same Period Last Week 244,000
Same Period Last Year 241,000
Monday
Steers & Heifers: 83,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 261.64… -2.45
Select: 263.64… +1.80
Choice/Select Spread: (2.00)
Total Load Count: 117
Cutter Cow Cutout:
229.40… -1.73
CME Feeder Cattle Index for February 18th:
162.03… -0.11 / -0.08%
1 Year Change: +15.59%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 143.75… +0.50
April: 146.02… +0.15
June: 141.90… +0.40
Feeder Cattle:
March: 165.22… -1.20
April: 169.12… -1.73
May: 174.52… -1.38
April Hogs: 112.07… +2.67
March Crude Oil: 92.35… +1.28
March Corn: 6.7450… +0.2025
March Wheat: 8.4425… +0.4725
Grain Cash Bids:
Omaha Corn: 6.70… +0.21
Kansas City Wheat: 8.48… +0.47
Financial Markets:
DJIA: 33,597.13… -481.99
S & P 500: 4,307.74… -44.23
NASDAQ: 13,374.38… -174.47
U.S. Dollar Index: 96.04… -0.04