|
Mar
01
2022
|
|
Posted 331 days ago ago by Administrator Account
|
|
Daily Market Summary for March 1st
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 Tuesday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and 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 142.00-144.00 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: 538
Week Ago: 1,076
Year Ago: 38
Formula Net - Dressed Steers & Heifers:
Head count priced today: 22,900
Weighted avg. weight: 881.00
Weighted avg. net price: 228.35
Cattle Slaughter under Federal Inspection
Tuesday (est) 124,000
Week ago (est) 123,000
Year ago (act) 123,000
Week to Date 246,000
Same Period Last Week 231,000
Same Period Last Year 241,000
Monday
Steers & Heifers: 97,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 256.68… -0.83
Select: 251.52… -1.89
Choice/Select Spread: 5.16
Total Load Count: 144
Cutter Cow Cutout:
228.75… -0.72
CME Feeder Cattle Index for February 28th:
159.67… -0.24 / -0.15%
1 Year Change: +16.09%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 140.52… -0.90
June: 137.05… -0.65
August: 137.07… -0.08
Feeder Cattle:
March: 156.27… -1.45
April: 159.80… -2.20
May: 165.25… -2.55
April Hogs: 106.20… +2.70
April Crude Oil: 103.41… +7.69
March Corn: 7.3975… +0.4225
March Wheat: 10.0175… +0.7375
Grain Cash Bids:
Omaha Corn: 7.26… +0.35
Kansas City Wheat: 9.73… +0.50
Financial Markets:
DJIA: 33,293.96… -585.26
S & P 500: 4,306.28… -67.40
NASDAQ: 13,533.88… -218.46
U.S. Dollar Index: 97.40… +0.69