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Mar
03
2022
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Posted 329 days ago ago by Administrator Account
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Daily Market Summary for March 3rd
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 Thursday in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In Nebraska a few live and dressed purchases traded at 140.00 and 224.00, respectively. However not enough for a full market trend. Wednesday was the last reported market with live purchases at 140.00 and dressed purchases from 224.00-225.00. In the Western Cornbelt a few live and dressed purchases traded at 143.00 and 224.00, respectively. However, not enough of for a full market trend. Wednesday was the last reported market with live purchases at 142.00 and dressed purchases at 225.00. Thus far for Thursday in the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 140.00.
Negotiated Sales:
Confirmed: 8,797
Week Ago: 21,788
Year Ago: 5,780
Formula Net - Dressed Steers & Heifers:
Head count priced today: 23,900
Weighted avg. weight: 857.00
Weighted avg. net price: 228.36
Cattle Slaughter under Federal Inspection
Thursday (est) 124,000
Week ago (est) 124,000
Year ago (act) 123,000
Week to Date 493,000
Same Period Last Week 478,000
Same Period Last Year 485,000
Wednesday
Steers & Heifers: 94,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 254.35… -1.37
Select: 247.79… -3.55
Choice/Select Spread: 6.56
Total Load Count: 153
Cutter Cow Cutout:
228.05… -2.27
CME Feeder Cattle Index for March 2nd:
157.78… -1.47 / -0.92%
1 Year Change: +15.96%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 138.35… -1.75
June: 135.15… -1.35
August: 135.65… -1.05
Feeder Cattle:
March: 156.35… -1.95
April: 160.52… -2.48
May: 165.50… -2.50
April Hogs: 105.20… -1.10
April Crude Oil: 107.67… -2.93
May Corn: 7.4775… +0.2275
May Wheat: 12.8900… +2.3000
Grain Cash Bids:
Omaha Corn: 7.43… +0.23
Kansas City Wheat: 11.05… +0.60
Financial Markets:
DJIA: 33,794.49… -86.15
S & P 500: 4,363.56… -22.61
NASDAQ: 13,525.46… -224.26
U.S. Dollar Index: 97.77… +0.38