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Mar
10
2022
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Posted 322 days ago ago by Administrator Account
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Daily Market Summary for March 10th
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, Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a full market trend. Wednesday was the reported market in these regions. In Nebraska live and dressed purchases traded at 138.00 and 220.00, respectively. In the Western Cornbelt live and dressed purchases traded from 138.00-140.00 and 219.00-222.00, respectively. So far for Thursday in the Southern Plains negotiated cash trading has been at a standstill. In the Texas Panhandle on Tuesday live purchases traded at 138.00. In Kansas on Wednesday live purchases traded at 138.00.
Negotiated Sales:
Confirmed: 6,454
Week Ago: 8,797
Year Ago: 4,428
Formula Net - Dressed Steers & Heifers:
Head count priced today: 32,300
Weighted avg. weight: 904.00
Weighted avg. net price: 226.94
Cattle Slaughter under Federal Inspection
Thursday (est) 124,000
Week ago (est) 124,000
Year ago (act) 120,000
Week to Date 499,000
Same Period Last Week 493,000
Same Period Last Year 482,000
Wednesday
Steers & Heifers: 95,000
Cows & Bulls: 30,000
Boxed Beef:
Cutout Values:
Choice: 253.94… +1.24
Select: 247.37… +2.58
Choice/Select Spread: 6.57
Total Load Count: 106
Cutter Cow Cutout:
227.42… -0.50
CME Feeder Cattle Index for March 9th:
153.06… -0.83 / -0.54%
1 Year Change: +14.35%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 135.90… -1.67
June: 132.45… -1.50
August: 134.65… -0.97
Feeder Cattle:
March: 151.65… -2.40
April: 156.25… -3.90
May: 161.80… -4.12
April Hogs: 100.10… -1.05
April Crude Oil: 106.02… +2.68
May Corn: 7.5575… +0.2275
May Wheat: 10.8700… -1.1450
Grain Cash Bids:
Omaha Corn: 7.21… +0.18
Kansas City Wheat: 9.79… -0.39
Financial Markets:
DJIA: 33,195.33… -89.96
S & P 500: 4,259.44… -18.42
NASDAQ: 13,143.38… -112.17
U.S. Dollar Index: 98.54… +0.57