Feb 23 2021

Texas Daily Ag Market News Summary Posted 3 years 54 days ago by Administrator Account

Daily Market Summary for February 23^rd

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 Tuesday, negotiated cash trading has been limited on light demand in the Texas Panhandle, Nebraska, and the Western Cornbelt and at a standstill in Kansas. 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:      2,036

Week Ago:            69

Year Ago:       13,246

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   17,500

Weighted avg. weight:       890 lbs.

Weighted avg. net price:    183.93

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       122,000

Week ago (est)                      91,000

Year ago (act)                      123,000

Week to Date                      241,000

Same Period Last Week    170,000

Same Period Last Year      240,000

Previous Day (est)

Steers & Heifers:  85,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 240.29... +0.31

Select:  230.53... +0.55

Choice/Select Spread: 9.76

Total Load Count: 132

            

Cutter Cow Cutout:

190.15… +3.29

   

CME Feeder Cattle Index for February 19^th:

141.12… +3.01

            

Futures Settlements…

Live Cattle:

February: 115.62… -0.10

April: 121.20… -1.85

June: 119.12… -1.13

   

Feeder Cattle:

March: 138.57… -0.75

April: 142.60… -0.67

May: 145.10… -0.97

     

April Hogs: 86.42… +1.30

April Crude Oil: 61.67… -0.03

   

March Corn: 5.5375… +0.0275

March Wheat: 6.6575… +0.0175

   

Grain Cash Bids:

Kansas City Corn: 5.47… +0.03

Kansas City Wheat: 6.11… -0.04

   

Financial Markets:

DJIA: 31,535.71… +14.02

S & P 500: 3,881.31… +4.81

NASDAQ: 13,465.20… -67.85

U.S. Dollar Index: 90.12… +0.11