Mar 28 2019

Texas Daily Ag Market News Summary Posted 5 years 245 days ago by Administrator Account

Daily Market Summary for March 28th  

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, negotiated cash trading has been limited on light demand in the Southern Plains, Nebraska and the Western Cornbelt. Not enough trades in any of these regions for a full market trend. In Colorado negotiated cash trading has been at a standstill. The last fully reported market in the major feeding regions was on Wednesday. In the Southern Plains live cash trades moved from 125.00-126.00. In the Northern Plains live cash trades moved mostly at 126.00, and dressed cash trades in Nebraska moved at 206.00. In the Western Cornbelt live cash trades ranged from 127.00-129.00, mostly at 128.00, and dressed cash trades moved mostly at 205.00.

  

Negotiated Sales:

Confirmed: 7,266 --- Week Ago: 499 --- Year Ago: 15,751

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 28,100

Weighted avg weight:             867

Weighted avg net price:    206.92

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids have been reported from 268.00-270.00 delivered. Bids are 3.00-4.00 higher than last week. US packer interest has been noted, depending on freight and dressing percentage US bids are working back to the low 160's FOB the feedlot. US bids are comparable with local bids.

 

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs         Sheep

Thursday (est          117,000     3,000      479,000      8,000

Week ago (est)        121,000     3,000      478,000      7,000

Year ago (act)         116,000     1,000      461,000      9,000

Week to date (est)  475,000   10,000   1,901,000    34,000

Last Week (est)       476,000   10,000   1,887,000    35,000

Last Year (act)          468,000    6,000   1,845,000    37,000

Previous Day (Estimated)  Steers & Heifers     Cows & Bulls

                        Wednesday          93,000                   27,000

 

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     227.44     219.52

Change from prior day:        -1.55        -1.01

Choice/Select spread:            7.92

Total Load Count (Cuts, Trimmings, Grinds): 87

 

Cutter Cow Cutout: 168.64… +0.20

  

CME Feeder Cattle Index: 142.35… +0.20

 

Futures

Live Cattle:

April: 126.52… +0.27

June: 119.62… +0.02

August: 116.50… -0.15

Feeder Cattle:

March: 141.97… -0.15

April: 145.95… +0.05

May: 149.67… +0.15

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April Hogs: 78.87… -2.45

April Crude Oil: 59.30… -0.11

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May Corn: 3.7400… +0.0025

May Soybeans: 8.8950… +0.0200

May Wheat: 4.6450… -0.0500

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Grain Cash Bids:

Kansas City Corn: 3.73... Unchanged

Kansas City Soybeans: 8.51... +0.02

Kansas City Wheat: 4.42... -0.05

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Financial Markets:

Dow Jones Industrial Average: 25,717.46… +91.87

S & P 500: 2,815.44… +10.07

NASDAQ: 7,669.17… +25.79

U.S. Dollar Index: 97.24… +0.29

Cotton (www.ams.usda.gov): 

May Cotton Futures: 75.87… -1.08

Milk (www.cmegroup.com): 

March Class III Milk Futures: 15.06… -0.02