Feb 23 2022

Texas Daily Ag Market News Summary Posted 2 years 56 days ago by Administrator Account

Daily Market Summary for February 23^rd

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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 22^nd:

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