“Every day may not be good... but there's something good in every day”
– Alice Morse Earle
DAILY MARKET SUMMARY
FEEDER CATTLE INDEX
DAILY CATTLE & BEEF
DAILY FEEDER & STOCKER
LRP WEBINAR SIGN UP
CATTLEUSA INSURANCE LOGIC AG MARKETING COMMENTARY
WEATHER 20/20 ENERGY & AG REPORT
FEBRUARY & SPRING INSIGHTS W/ GARY LEZAK
PRECIPITATION FORECAST: 2/21 - 3/2
AGRICULTURE:
AGRICULTURE GRANTS SUPPORT SUSTAINABLE FARMING
HEALTH SELLS, REGENERATIVE BRANDING MATTERS
DEBATE OVER CATTLE METHANE DATA
FINANCE
DAILY REPORTING
CORPORATE OPTIMISM VS ECONOMIC CONCERNS
CONSUMER WORRIES AMID ECONOMIC SLOWDOWN
COMMODITY MARKETS RESPOND TO SHIFTS
Friday, February 21
5 AREA WEEKLY ACCUMULATED WEIGHTED AVG CATTLE PRICE
| As of 10:00 am | Head Count | Avg Weight | Avg Price |
| Live Steer | 11,840 | 1,480 | 199.61 |
| Live Heifer | 4,975 | 1,389 | 199.60 |
| Dressed Steer | 3,270 | 961 | 315.28 |
| Dressed Heifer | 908 | 874 | 315.00 |
DAILY ESTIMATED CUTOUT VALUES
| 600-900# | Choice | Select | Choice/Select Spread |
| Current Cutout Values: | 310.77 | 302.56 | 8.21 |
| Change from prior day: | -1.86 ▼ | -0.62 ▼ |
DAILY CATTLE SLAUGHTER
| Friday | 107,000 | Thursday |
| Week Ago | 100,000 | Steer & Heifer: 96,000 |
| Year Ago (act) | 118,834 | Cow & Bull: 21,000 |
| Week To Date | 554,000 | |
| Same Period Last Week | 554,000 | |
| Same Period Last Year | 588,846 |
Friday, February 21
AUCTION SUMMARY
Mitchell Livestock Auction
5,189 Mitchell, SD
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 372.50-435.00 | 500-600 lbs | 296.00-347.00 |
| 500-600 lbs | 328.00-377.50 | 600-700 lbs | 267.00-309.50 |
| 600-700 lbs | 300.00-335.50 | 700-800 lbs | 260.50-275.50 |
| 700-800 lbs | 284.50-308.25 | 800-900 lbs | 254.00-265.00 |
| 800-900 lbs | 268.00-289.00 | 900-1000 lbs | 225.00-254.25 |
Denison Livestock Feeder Cattle
2,213 Denison, IA
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 500-600 lbs | 332.50-369.00 | 500-600 lbs | 279.00-330.00 |
| 600-700 lbs | 287.50-307.50 | 600-700 lbs | 265.50-296.50 |
| 700-800 lbs | 269.50-295.00 | 700-800 lbs | 246.00-261.00 |
| 800-900 lbs | 255.75-280.50 | 800-900 lbs | 243.00-254.00 |
| 900-1000 lbs | 240.00-263.00 | 900-1000 lbs | 230.00-237.25 |
Ogallala Livestock Auction
2,176 Ogallala, NE
Thursday
| Feeder Steers - Medium & Large #1 | Feeder Heifers - Medium & Large #1 | ||
| 400-500 lbs | 402.50-460.00 | 300-400 lbs | 379.00-391.00 |
| 500-600 lbs | 355.00-393.00 | 400-500 lbs | 341.00-376.00 |
| 600-700 lbs | 306.50-351.50 | 500-600 lbs | 325.00-340.00 |
| 700-800 lbs | 274.50-308.00 | 600-700 lbs | 292.00-314.00 |
| 800-900 lbs | 261.00-282.50 | 700-800 lbs | 245.00-279.00 |
CHICAGO MERCANTILE EXCHANGE LIVESTOCK FUTURES SETTLEMENT
Friday
| Live Cattle | Change | Feeder Cattle | Change | ||
| Feb | 197.825 | 0.200 ▲ | Mar | 267.950 | 1.125 ▲ |
| Apr | 193.950 | 0.150 ▲ | Apr | 267.550 | 1.175 ▲ |
| Jun | 190.325 | 0.350 ▲ | May | 265.925 | 0.850 ▲ |
CHICAGO BOARD OF TRADE GRAIN FUTURES SETTLEMENTS
Friday
| Corn | Change | Soy Beans | Change | ||
| Mar | 4.9125 | 0.0675 ▼ | Mar | 10.3950 | 0.0600 ▼ |
| May | 5.0500 | 0.0775 ▼ | May | 10.5725 | 0.0575 ▼ |
| Jul | 5.0950 | 0.0725 ▼ | Jul | 10.7300 | 0.0475 ▼ |
KANSAS CITY BOARD OF TRADE
Friday
| Wheat | Change | ||||
| Mar | 6.0925 | 0.0175 ▲ | |||
| May | 6.2175 | 0.0175 ▲ | |||
| Jul | 6.3375 | 0.0175 ▲ | |||
ESTIMATED DAILY CATTLE SLAUGHTER
| Friday | 107,000 | Thursday |
| Week Ago (est) | 100,000 | Steer & Heifer: 96,000 |
| Year Ago (act) | 119,000 | Cow & Bull: 21,000 |
| Wk To Date (est) | 554,000 | |
| Last Week (est) | 554,000 | |
| Last Year (est) | 589,000 |
Friday, February 21
Tomorrow! (2/25) - LRP Interactive Webinar with Livestock Risk Protection Insurance Experts. Click here to register.
Click here to connect with a CattleUSA Insurance representative
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results.
Review our full disclaimer at https://www.logicag.com/disclaimer
February Weather Insights & Upcoming Spring w/ Gary Lezak - CattleUSA Daily Pod
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