Texas Daily Ag Market News Summary

Posted 6 years 257 days ago by Administrator Account

Daily Market Summary for Thursday, March 15th:

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TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle: Thursday negotiated cash trade was light to moderate on moderate demand in Nebraska and the Western Cornbelt. In Nebraska compared to Tuesday, live purchases traded steady to .50 higher from 128.00-128.50. Early dressed purchases compared to last week have traded mostly 1.00 higher at 205.00. In the Western Cornbelt compared to Wednesday, live and dressed purchases traded mostly steady from 128.00-131.00 and from 205.00-207.00 respectively. Traded was limited on light to moderate demand in the Southern Plains and Colorado. The latest established market in the Southern Plains was on Tuesday with live purchases at 127.00. In Colorado last week, live purchases traded from 127.00-128.00.

Negotiated Sales: Confirmed: 17,737 Week Ago: 72,972 Year Ago: 9,132

Formula Purchases: Net - Dressed
Head count priced today: 20,900
Weighted avg weight: 875.00
Weighted avg net price: 205.21

Alberta Beef Producers Daily Report: Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids have been reported from 275.00-276.00 delivered. Bids are positioned at the bottom end of last week trading range. No live bids have been reported however using a 60% dressing percentage, dressed bids are working back to the mid 160's on a live basis.

Livestock Slaughter under Federal Inspection:
                              Cattle      Calves   Hogs        Sheep
Thursday (est        118,000    2,000      456,000     9,000
Week ago (est)      119,000    2,000      469,000      8,000
Year ago (act)       116,000    2,000      448,000      8,000
Week to date (est) 466,000    8,000   1,840,000    31,000
Last Week (est)     467,000    8,000   1,824,000    33,000
Last Year (act)       456,000    7,000   1,759,000    33,000

Boxed Beef: Boxed beef cutout values higher on Choice and weak on Select on light to moderate demand and light offerings. Choice rib, chuck, round, and loin cuts steady to firm while Select steady to weak. Beef trimmings mostly firm to slightly higher on moderate demand and offerings.

Cutout Values...            Choice        Select
Current Cutout Values:    224.99         216.31
Change from prior day:      +0.88          -0.70
Choice/Select spread:         8.68

Futures Summary:

April Live Cattle Futures: 121.85...-1.15

June Live Cattle Futures: 112.30...-0.95

August Live Cattle Futures: 109.80...-0.97

March Feeder Cattle Futures: 140.62...-1.43

April Feeder Cattle Futures: 140.82...-1.90

May Feeder Cattle Futures: 141.60...-2.02

CME Feeder Cattle Index: 142.81...-0.44

April Lean Hog Futures: 67.72...-1.15

National Grain Market Summary:

Kansas City Corn: Unavailable

Kansas City Soybeans: Unavailable