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Mar
11
2022
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Posted 324 days ago ago by Administrator Account
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Daily Market Summary for March 11th
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 Friday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. In the Texas Panhandle Tuesday was the last reported market with live purchases at 138.00. In Kansas Wednesday was the last reported market with live purchases at 138.00. In Nebraska the last reported market was on Wednesday with live and dressed purchases trading at 138.00 and 220.00, respectively. In the Western Cornbelt the last reported market was on Wednesday with live purchases from 138.00-140.00 and dressed purchases from 219.00-222.00.
Negotiated Sales:
Confirmed: 1,247
Week Ago: 2,736
Year Ago: 8,424
Formula Net - Dressed Steers & Heifers:
Head count priced today: 28,100
Weighted avg. weight: 861.00
Weighted avg. net price: 223.92
Cattle Slaughter under Federal Inspection
Friday (est) 111,000
Week ago (est) 123,000
Year ago (act) 114,000
Week to Date 610,000
Same Period Last Week 616,000
Same Period Last Year 596,000
Thursday
Steers & Heifers: 96,000
Cows & Bulls: 28,000
Boxed Beef:
Cutout Values:
Choice: 254.71… +0.77
Select: 249.11… +1.74
Choice/Select Spread: 5.60
Total Load Count: 97
Cutter Cow Cutout:
229.07… +1.65
CME Feeder Cattle Index for March 10th:
152.56… -0.50 / -0.33%
1 Year Change: +13.74%
52 Week Range: 130.15 to 165.35
Futures Settlements…
Live Cattle:
April: 137.30… +1.40
June: 132.95… +0.50
August: 135.07… +0.42
Feeder Cattle:
March: 153.27… +1.62
April: 157.97… +1.72
May: 163.72… +1.92
April Hogs: 102.72… +2.62
April Crude Oil: 109.33… +3.31
May Corn: 7.6250… +0.0675
May Wheat: 11.0650… +0.1950
Grain Cash Bids:
Omaha Corn: 7.24… +0.03
Kansas City Wheat: 10.06… +0.27
Financial Markets:
DJIA: 32,943.33… -230.74
S & P 500: 4,204.44… -55.00
NASDAQ: 12,841.77… -301.61
U.S. Dollar Index: 99.14… +0.63