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Mar
09
2022
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Posted 323 days ago ago by Administrator Account
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Daily Market Summary for March 9th
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 in Nebraska, negotiated cash trading and demand have been moderate. Live purchases traded steady at 138.00, when compared to the last reported market on Tuesday. Dressed purchases, compared to last week, traded 4.00-5.00 lower at 220.00. In Kansas and Western Cornbelt negotiated cash trading has been limited with light demand. In Kansas live purchases traded steady at 138.00, when compared to the last reported market on Tuesday. In the Western Cornbelt not enough purchases for a full market trend. For the prior week live purchases traded at 142.00 and from 224.00-225.00, respectively. Thus far for Wednesday in the Texas Panhandle negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Tuesday was the last reported market with live purchases at 138.00.
Negotiated Sales:
Confirmed: 26,951
Week Ago: 29,408
Year Ago: 32,876
Formula Net - Dressed Steers & Heifers:
Head count priced today: 19,100
Weighted avg. weight: 894.00
Weighted avg. net price: 228.35
Cattle Slaughter under Federal Inspection
Wednesday (est) 125,000
Week ago (est) 123,000
Year ago (act) 121,000
Week to Date 375,000
Same Period Last Week 369,000
Same Period Last Year 362,000
Tuesday
Steers & Heifers: 96,000
Cows & Bulls: 29,000
Boxed Beef:
Cutout Values:
Choice: 252.70… +0.26
Select: 244.79… -0.15
Choice/Select Spread: 7.91
Total Load Count: 168
Cutter Cow Cutout:
227.92… -3.45
CME Feeder Cattle Index for March 8th:
153.11… -0.22 / -0.14%
1 Year Change: +14.85%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 137.57… -1.48
June: 133.95… -1.50
August: 135.62… -0.85
Feeder Cattle:
March: 154.05… +0.03
April: 160.15… -0.17
May: 165.92… -0.38
April Hogs: 101.15… -1.77
April Crude Oil: 108.70… -15.00
May Corn: 7.3300… -0.2000
May Wheat: 12.0150… -0.8500
Grain Cash Bids:
Omaha Corn: 7.03… -0.18
Kansas City Wheat: 10.18… -0.85
Financial Markets:
DJIA: 33,285.29… +653.57
S & P 500: 4,277.86… +107.62
NASDAQ: 13,255.55… +460.08
U.S. Dollar Index: 98.02… -1.04