Mar 25 2019

Texas Daily Ag Market News Summary Posted 5 years 248 days ago by Administrator Account

Daily Market Summary for March 25th  

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!

---

Slaughter Cattle:  

As of 3:00 PM, trading in the Southern and Northern Plains has been at a standstill. In the Western Cornbelt trading has been very inactive with very light demand. Not enough trades for a market trend. Last week in the Southern Plains live cash trades moved at 128.00. For prior week in the Northern Plains live cash trades moved at 129.00 and dressed cash trades, in Nebraska, moved mostly at 208.00 with a few up to 209.00. For the previous week in the Western Cornbelt live cash trades ranged from 129.00-131.00 and dressed cash trades moved at 208.00.

  

Negotiated Sales:

Confirmed: 70 --- Week Ago: 38 --- Year Ago: 651

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 35,800

Weighted avg weight:             842

Weighted avg net price:    202.71

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales saw active trade last week with steer prices firming $2.70/cwt higher to average $157.54/cwt. Heifer prices averaged $2.90/cwt higher closing the week at $157.07/cwt. A handful of live trade was reported from $156.00-156.75/cwt. The majority of dressed sales were reported $5-6/cwt higher than the previous week at $265.00-266.00/cwt. delivered.  

 

Livestock Slaughter under Federal Inspection:                                  

                                Cattle       Calves     Hogs         Sheep

Monday (est           119,000    2,000     474,000    10,000

Week ago (est)      115,000    2,000     463,000    11,000

Year ago (act)        115,000    1,000     459,000    10,000

Previous Day (Estimated)     Steers & Heifers     Cows & Bulls

                                Friday            88,000                    25,000

                           Saturday            29,000                    13,000

 

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     229.00     218.73

Change from prior day:        -0.09       +0.09

Choice/Select spread:            10.27

Total Load Count (Cuts, Trimmings, Grinds): 109

 

Cutter Cow Cutout: 168.59… +0.35

 

CME Feeder Cattle Index: 141.80… +0.78

 

Futures

Live Cattle:

April: 127.57… -2.15

June: 121.12… -2.38

August: 117.97… -2.05

Feeder Cattle:

March: 142.17… -0.83

April: 146.20… -2.60

May: 150.70… -3.35

---

April Hogs: 78.65… +0.33

April Crude Oil: 58.84... -0.22

---

May Corn: 3.7975… +0.0150

May Soybeans: 9.0650… +0.0275

May Wheat: 4.6950… +0.0350

---

Grain Cash Bids:

Kansas City Corn: 3.78… +0.02

Kansas City Soybeans: 8.68… Unchanged

Kansas City Wheat: 4.47… +0.03

---

Financial Markets:

Dow Jones Industrial Average: 25,516.83… +14.51

S & P 500: 2,798.34… -2.37

NASDAQ: 7,637.54… -5.13

U.S. Dollar Index: 96.54… -0.10

Cotton (www.ams.usda.gov): 

May Cotton Futures: 77.73… +1.15

Milk (www.cmegroup.com): 

March Class III Milk Futures: 15.05… +0.02