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Mar
02
2022

Texas Daily Ag Market News Summary

Posted 330 days ago ago by Administrator Account

Daily Market Summary for March 2nd

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 Wednesday, negotiated cash trading in the Southern Plains has been slow on light to moderate demand with live purchases 2.00 lower compared to last week at 140.00. Negotiated cash trading in Nebraska has been limited on light demand with a few live purchases at 140.00, however not enough purchases for a market trend. Last week in Nebraska live and dressed purchases traded from 142.00-144.00 and at 227.00, respectively. Negotiated cash trading in the Western Cornbelt has been limited on light demand. Not enough purchases for a market trend. Last week in the Western Cornbelt live and dressed purchases traded at 144.00 and 227.00, respectively.

 

Negotiated Sales:

Confirmed:     29,408

Week Ago:        3,645

Year Ago:         39,578

Formula Net - Dressed Steers & Heifers:

Head count priced today:   16,700

Weighted avg. weight:         881.00

Weighted avg. net price:     230.42

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 123,000

Week ago (est)                     123,000

Year ago (act)                       121,000

Week to Date                       369,000

Same Period Last Week     354,000

Same Period Last Year       362,000

Tuesday

Steers & Heifers:  96,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 255.72… -0.96

Select:  251.34… -0.18

Choice/Select Spread: 4.38

Total Load Count: 145

 

Cutter Cow Cutout:

230.32… +1.57

 

CME Feeder Cattle Index for March 1st:

159.25… -0.42 / -0.26%

1 Year Change: +16.10%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.10… -0.42

June: 136.50… -0.55

August: 136.70… -0.37

 

Feeder Cattle:

March: 158.30… +2.03

April: 163.00… +3.20

May: 168.00… +2.75

 

April Hogs: 106.30… +0.10

April Crude Oil: 110.60… +7.19

 

May Corn: 7.2500… +0.0075

May Wheat: 10.5900… +0.7500

 

Grain Cash Bids:

Omaha Corn: 7.20… -0.01

Kansas City Wheat: 10.45… 0.72

 

Financial Markets:

DJIA: 33,880.64... +586.68

S & P 500: 4,386.17... +79.89

NASDAQ: 13,749.72... +215.84

U.S. Dollar Index: 97.39... -0.01