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Mar
07
2022
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Posted 328 days ago ago by Administrator Account
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Daily Market Summary for March 7th
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. 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 and Nebraska live purchases traded at 140.00 and dressed purchases, in Nebraska, traded from 224.00-225.00. Last week in the Western Cornbelt live and dressed purchases traded at 142.00 and from 224.00-225.00, respectively.
Negotiated Sales:
Confirmed: 743
Week Ago: 382
Year Ago: 78
Formula Net - Dressed Steers & Heifers:
Head count priced today: 40,200
Weighted avg. weight: 867.00
Weighted avg. net price: 226.28
Cattle Slaughter under Federal Inspection
Monday (est) 125,000
Week ago (est) 122,000
Year ago (act) 120,000
Friday
Steers & Heifers: 97,000
Cows & Bulls: 26,000
Boxed Beef:
Cutout Values:
Choice: 254.71… +0.38
Select: 250.22… +1.81
Choice/Select Spread: 4.49
Total Load Count: 102
Cutter Cow Cutout:
229.12… +0.80
CME Feeder Cattle Index for March 4th:
157.37… -0.82 / -0.53%
1 Year Change: +16.02%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 137.90… +2.13
June: 133.92… +1.40
August: 135.30… +1.15
Feeder Cattle:
March: 154.60… +1.48
April: 159.67… +2.42
May: 164.90… +2.55
April Hogs: 100.27… -0.18
April Crude Oil: 119.40… +3.72
May Corn: 7.5075… -0.0350
May Wheat: 12.9400… +0.8500
Grain Cash Bids:
Omaha Corn: 7.22… +0.06
Kansas City Wheat: 11.59… +0.59
Financial Markets:
DJIA: 32,848.76… -765.91
S & P 500: 4,200.96… -127.91
NASDAQ: 12,851.25… -464.82
U.S. Dollar Index: 99.18… +0.53