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Feb
23
2022
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Posted 340 days ago ago by Administrator Account
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Daily Market Summary for February 23rd
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 Wednesday, negotiated cash trading in the Texas Panhandle has been at a standstill. In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in any region 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: 3,645
Week Ago: 35,094
Year Ago: 6,094
Formula Net - Dressed Steers & Heifers:
Head count priced today: 18,400
Weighted avg. weight: 870.00
Weighted avg. net price: 230.80
Cattle Slaughter under Federal Inspection
Wednesday (est) 123,000
Week ago (est) 122,000
Year ago (act) 122,000
Week to Date 354,000
Same Period Last Week 366,000
Same Period Last Year 363,000
Tuesday
Steers & Heifers: 85,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 260.88… -0.76
Select: 258.96… -4.68
Choice/Select Spread: 1.92
Total Load Count: 196
Cutter Cow Cutout:
228.44… -0.96
CME Feeder Cattle Index for February 22nd:
162.26… +0.13 / +0.08%
1 Year Change: +15.81%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 143.05… -0.70
April: 144.75… -1.27
June: 141.12… -0.78
Feeder Cattle:
March: 162.77… -1.45
April: 168.27… -0.85
May: 173.67… -0.85
April Hogs: 108.02… -4.05
April Crude Oil: 92.10… +0.19
March Corn: 6.8375… +0.0925
March Wheat: 8.7600… +0.3125
Grain Cash Bids:
Omaha Corn: 6.84… +0.09
Kansas City Wheat: 8.84… +0.32
Financial Markets:
DJIA: 33,130.38… -466.75
S & P 500: 4,227.85… -76.89
NASDAQ: 13,049.24… -325.14
U.S. Dollar Index: 96.22… +0.19