Mar 21 2019

Texas Daily Ag Market News Summary Posted 5 years 252 days ago by Administrator Account

Daily Market Summary for March 21st  

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

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Slaughter Cattle:  

As of 3:00 PM Thursday, trade has been at a standstill in all major feeding regions. Last week in the Southern Plains and Colorado live purchases moved at 127.00. For the prior week in Nebraska live purchases moved mostly at 127.00, with a few up to 128.00, and dressed purchases moved at 204.00 on very light test. For the previous week in the Western Cornbelt live purchases moved from 126.00-128.00 and dressed purchases ranged from 203.00-206.00.

  

Negotiated Sales:

Confirmed: 499 --- Week Ago: 4,341 --- Year Ago: 2,098

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 24,700

Weighted avg weight:             830

Weighted avg net price:    203.05

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Wednesday saw light trade develop with dressed sales marked at 265.00 delivered. Sales are 5.00 higher than the previous week. Live bids have been reported in the mid 150's and are 2.00 higher than last week's weighted average price. US packer interest has been noted and but US bids are at a discount against local sales.

  

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Thursday (est         121,000      3,000     478,000       7,000

Week ago (est)         99,000      3,000     447,000       5,000

Year ago (act)         121,000      1,000     462,000       8,000

Week to date (est)  476,000   10,000   1,887,000    35,000

Last Week (est)       447,000   10,000   1,851,000    28,000

Last Year (act)         476,000     7,000   1,846,000    35,000

Previous Day (Estimated)     Steers & Heifers     Cows & Bulls

                      Wednesday           93,000                    27,000

 

Boxed Beef: 

Boxed beef cutout values firm on Choice and weak on Select on moderate to fairly good demand and moderate offerings. Select and Choice rib, chuck, round, and loin cuts steady to weak. Beef trimmings generally steady on light demand and offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     229.31     218.37

Change from prior day:       +0.64        -0.26

Choice/Select spread:            10.94

Total Load Count (Cuts, Trimmings, Grinds): 111

 

Cutter Cow Cutout: 168.68… +0.14

 

CME Feeder Cattle Index: 139.12… +1.71

 

Futures

Live Cattle:

April: 129.90… +0.33

June: 123.90… +0.53

August: 119.97… +0.65

Feeder Cattle:

March: 142.77… +0.52

April: 148.92… +0.60

May: 154.00… +1.88

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April Hogs: 78.32… +4.50

April Crude Oil: 59.98… -0.25

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May Corn: 3.7625… +0.0475

May Soybeans: 9.1050… +0.0450

May Wheat: 4.6650… +0.0175

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Grain Cash Bids:

Kansas City Corn: 3.73… +0.05

Kansas City Soybeans: 8.68… +0.02

Kansas City Wheat: 4.44… +0.02

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Financial Markets:

Dow Jones Industrial Average: 25,962.51… +216.84

S & P 500: 2,854.88… +30.66

NASDAQ: 7,838.96… +109.99

U.S. Dollar Index: 96.41… +0.48

Cotton (www.ams.usda.gov): 

May Cotton Futures: 77.18… +1.68

Milk (www.cmegroup.com): 

March Class III Milk Futures: 15.03… +0.09