Feb 24 2021

Texas Daily Ag Market News Summary Posted 3 years 60 days ago by Administrator Account

Daily Market Summary for February 24^th

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, negotiated cash trading has been limited on light demand in all major feeding regions with a few live purchases in the Southern Plains at 114.00, however not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 114.00. In Nebraska last week, live purchases traded at 114.00 and dressed purchases traded from 180.00-181.00. Last week in the Western Cornbelt live purchases traded form 114.00-115.00 and dressed purchases traded from 180.00-182.00.

       

Negotiated Sales:

Confirmed:      6,904

Week Ago:            82

Year Ago:         9,969

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   15,400

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    184.20

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                121,000

Week ago (est)                      99,000

Year ago (act)                      123,000

Week to Date                      362,000

Same Period Last Week     269,000

Same Period Last Year       363,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 240.75… +0.46

Select:  229.79… -0.74

Choice/Select Spread: 10.96

Total Load Count: 129

            

Cutter Cow Cutout:

188.09… -2.06

   

CME Feeder Cattle Index for February 22^nd:

140.39… -0.73

            

Futures Settlements…

Live Cattle:

February: 116.57… +0.95

April: 122.22… +1.02

June: 120.10… +0.98

   

Feeder Cattle:

March: 140.37… +1.80

April: 144.75… +2.15

May: 146.80… +1.70

     

April Hogs: 89.42… +3.00

April Crude Oil: 63.22… +1.55

   

March Corn: 5.5925… +0.0550

March Wheat: 6.8025… +0.1450

   

Grain Cash Bids:

Kansas City Corn: 5.52… +0.05

Kansas City Wheat: 6.26… +0.15

   

Financial Markets:

DJIA: 31,961.86... +426.15

S & P 500: 3,925.43... +44.12

NASDAQ: 13,597.97... +132.77

U.S. Dollar Index: 90.05... -0.12