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Feb
28
2022
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Posted 335 days ago ago by Administrator Account
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Daily Market Summary for February 28th
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 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 25th:
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