Feb 28 2022

Texas Daily Ag Market News Summary Posted 3 years 134 days ago by Administrator Account

Daily Market Summary for February 28^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 142.00. In Nebraska live purchases traded from 142.00-114.00 and dressed purchases traded at 227.00. In the Western Cornbelt live and dressed purchases traded at 144.00 and 227.00, respectively.

 

Negotiated Sales:

Confirmed:           382

Week Ago:            276

Year Ago:              118

Formula Net - Dressed Steers & Heifers:

Head count priced today:   54,900

Weighted avg. weight:        872.00

Weighted avg. net price:     226.48

 

Cattle Slaughter under Federal Inspection

Monday (est)                       122,000

Week ago (est)                     108,000

Year ago (act)                       118,000

Monday

Steers & Heifers:  93,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 257.51… -0.76

Select:  253.41… -2.00

Choice/Select Spread: 4.10

Total Load Count: 85

 

Cutter Cow Cutout:

229.47… +1.34

 

CME Feeder Cattle Index for February 25^th:

159.91… -0.67 / -0.42%

1 Year Change: +15.58%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

February: 140.50… +1.23

April: 141.42… -0.50

June: 137.70… -0.60

 

Feeder Cattle:

March: 157.72… -2.30

April: 162.00… -2.75

May: 167.80… -2.80

 

April Hogs: 103.50… -0.17

April Crude Oil: 95.71… +4.12

 

March Corn: 6.9750… +0.3800

March Wheat: 9.2800… +0.8500

 

Grain Cash Bids:

Omaha Corn: 6.98… +0.38

Kansas City Wheat: 9.24… +0.67

 

Financial Markets:

DJIA: 33,879.22… -179.33

S & P 500: 4,373.68… -10.94

NASDAQ: 13,752.34… +56.87

U.S. Dollar Index: 96.75… +0.13