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Mar
01
2022

Texas Daily Ag Market News Summary

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