Feb 22 2022

Texas Daily Ag Market News Summary Posted 2 years 63 days ago by Administrator Account

Daily Market Summary for February 22^nd

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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 18^th:

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