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Feb
21
2024

Texas Daily Ag Market News Summary

Posted 55 days ago by Administrator Account

Daily Market Summary for February 21st

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!


Fed Cattle:

As of 3:00 PM Wednesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash has been mostly inactive on light demand. Last week in the Southern Plains live FOB purchases traded at 180.00. Last week in Nebraska live FOB purchases traded at 181.00, with dressed delivered purchases at 287.00. Last week in the Western Cornbelt live FOB purchases traded at 180.00, with dressed delivered purchases at 285.00.

Negotiated Sales:

Confirmed:            170

Week Ago:        21,211

Year Ago:            1,129

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,900

Weighted avg. weight:         860.00

Weighted avg. net price:     289.47

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Cattle Slaughter under Federal Inspection

Wednesday        120,000

Week Ago           123,000

Year Ago             125,200

Week to Date     349,000

Last Week          363,000

Last Year            353,247

Tuesday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 297.80… +0.43

Select:  284.46… -3.36

Choice/Select Spread: 13.34

Total Load Count: 105

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Cutter Cow Cutout:

238.80… +2.48

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CME Feeder Cattle Index for February 20th:

242.66… +0.01 / 0.00%

1 Year Change: +32.90%

52 Week Range: 182.21 to 254.09

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Futures Settlements:

Live Cattle:

February: 183.97… -0.43

April: 187.70… +0.38

June: 183.30… +0.35

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Feeder Cattle:

March: 251.35… -0.02

April: 255.92… +0.57

May: 259.12… +1.00

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April Lean Hogs: 85.97… +0.30

April Crude Oil: 77.91… +0.87

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March Corn: 4.1100… -0.0775

March Wheat: 5.8325… +0.0050

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Grain Cash Bids:

Omaha Corn: 4.22… -0.11

Kansas City Wheat: 5.13… -0.05

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Financial Markets:

DJIA: 38,611.35… +42.15

S & P 500: 4,981.84… +5.97

NASDAQ: 15,580.87… -49.91

U.S. Dollar Index: 104.00… -0.08






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