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Mar
08
2022
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Posted 324 days ago ago by Administrator Account
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Daily Market Summary for March 8th
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 slow on light demand in the Southern Plains. Compared to last week live purchases traded 2.00 lower at 138.00, on a light test. In Nebraska negotiated cash trading has been limited on light demand. Live purchases traded steady at 138.00, when compared to the last reported market on Monday. Last week dressed purchases traded from 224.00-225.00. Thus far for Tuesday in the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. For the prior week live purchases traded at 142.00 and from 224.00-225.00, respectively.
Negotiated Sales:
Confirmed: 15,710
Week Ago: 538
Year Ago: 9,879
Formula Net - Dressed Steers & Heifers:
Head count priced today: 25,700
Weighted avg. weight: 868.00
Weighted avg. net price: 231.19
Cattle Slaughter under Federal Inspection
Tuesday (est) 125,000
Week ago (est) 124,000
Year ago (act) 121,000
Week to Date 250,000
Same Period Last Week 246,000
Same Period Last Year 241,000
Monday
Steers & Heifers: 97,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 252.44… -2.27
Select: 244.94… -5.28
Choice/Select Spread: 7.50
Total Load Count: 194
Cutter Cow Cutout:
231.37… +2.25
CME Feeder Cattle Index for March 7th:
154.11… -1.25 / -0.81%
1 Year Change: +14.99%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 139.05… +1.15
June: 135.45… +1.53
August: 136.47… +1.17
Feeder Cattle:
March: 154.02… -0.58
April: 160.32… +0.65
May: 166.30… +1.40
April Hogs: 102.92… +2.65
April Crude Oil: 123.70… +4.30
May Corn: 7.5300… +0.0225
May Wheat: 12.8650… -0.0750
Grain Cash Bids:
Omaha Corn: 7.21… -0.01
Kansas City Wheat: 11.03… -0.56
Financial Markets:
DJIA: 32,631.72… -187.04
S & P 500: 4,170.24… -30.72
NASDAQ: 12,795.47… -35.49
U.S. Dollar Index: 99.09… -0.20