|
Feb
03
2023
|
|
Posted 51 days ago ago by Administrator Account
|
|
Daily Market Summary for February 3rd
The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Friday, negotiated cash trading has been slow on light demand in Nebraska and Western Cornbelt. In both regions a few dressed purchases have traded at 250.00. In the Western Cornbelt a few live purchases have traded at 160.00. In Kansas negotiated cash trade has been mostly inactive on very light demand. However, not enough purchases in these regions for a full market trend. In the Texas Panhandle negotiated cash trade has been at a standstill. Last week in the Southern Plains live purchases traded at 156.00. In Nebraska last week, live and dressed purchases traded from 153.00-156.00 and at 248.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 152.00-157.00 and at 248.00, respectively.
Negotiated Sales:
Confirmed: 12,243
Week Ago: 5,599
Year Ago: 5,250
Formula Net - Dressed Steers & Heifers:
Head count priced today: 31,500
Weighted avg. weight: 860.00
Weighted avg. net price: 252.74
-
Cattle Slaughter under Federal Inspection
Friday (est) 122,000
Week ago (est) 124,000
Year ago (act) 114,000
Week to Date 622,000
Last Week 628,000
Last Year 590,000
Thursday:
Steers & Heifers: 97,000
Cows & Bulls: 28,000
-
Boxed Beef:
Cutout Values:
Choice: 264.74… -0.36
Select: 251.61… -2.05
Choice/Select Spread: 13.13
Total Load Count: 76
-
Cutter Cow Cutout:
198.31… -0.78
-
CME Feeder Cattle Index for February 2nd:
181.45… +0.55 / +0.30%
1 Year Change: +13.29%
52 Week Range: 152.31 to 183.59
-
Futures Settlements…
Live Cattle:
February: 160.27… +0.52
April: 164.12… +0.30
June: 160.27… +0.27
-
Feeder Cattle:
March: 186.10… +0.18
April: 190.62… +0.55
May: 194.77… +0.52
-
April Lean Hogs: 86.47… +0.47
March Crude Oil: 73.39… -2.49
-
March Corn: 6.7750… +0.0225
March Wheat: 7.5675… -0.0425
-
Grain Cash Bids:
Omaha Corn: 7.12… +0.02
Kansas City Wheat: 8.43…+0.02
-
Financial Markets:
DJIA: 33,925.06… -128.68
S & P 500: 4,136.42… -43.31
NASDAQ: 12,006.95… -193.87
U.S. Dollar Index: 103.00… -1.25