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Feb
25
2022
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Posted 335 days ago ago by Administrator Account
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Daily Market Summary for February 25th
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, negotiated cash trading has been limited with light demand in the Southern Plains. A few live purchases traded at 142.00, however, not enough for a full market trend. Thursday was the last reported market in the Southern Plains with the Texas Panhandle live purchases at 142.00 and in Kansas live purchases ranged from 141.00-142.00. Thus far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in either region for a market trend. In Nebraska on Wednesday saw with live and dressed purchases at 144.00 and 227.00, respectively. In the Western Cornbelt on Thursday live purchases ranged from 144.00-145.00 and on Wednesday dressed purchases traded from 226.00-227.00.
Negotiated Sales:
Confirmed: 6,594
Week Ago: 2,396
Year Ago: 14,623
Formula Net - Dressed Steers & Heifers:
Head count priced today: 28,500
Weighted avg. weight: 882.00
Weighted avg. net price: 227.84
Cattle Slaughter under Federal Inspection
Friday (est) 119,000
Week ago (est) 121,000
Year ago (act) 119,000
Week to Date 597,000
Same Period Last Week 609,000
Same Period Last Year 603,000
Thursday
Steers & Heifers: 98,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 258.27… -0.97
Select: 255.41… +0.86
Choice/Select Spread: 2.86
Total Load Count: 104
Cutter Cow Cutout:
228.13… -0.72
CME Feeder Cattle Index for February 24th:
160.58… -1.24 / -0.77%
1 Year Change: +15.60%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
February: 139.27… -1.25
April: 141.92… -0.38
June: 138.30… -0.30
Feeder Cattle:
March: 160.02… +0.92
April: 164.75… +0.95
May: 170.60… +0.88
April Hogs: 103.67… -1.85
April Crude Oil: 91.59… -1.22
March Corn: 6.5950… -0.3550
March Wheat: 8.4300… -0.8300
Grain Cash Bids:
Omaha Corn: 6.60… -0.35
Kansas City Wheat: 8.57… -0.76
Financial Markets:
DJIA: 34,058.55… +879.93
S & P 500: 4,384.62… +96.18
NASDAQ: 13,695.47… +237.08
U.S. Dollar Index: 96.56… -0.58