Mar 06 2020

Texas Daily Ag Market News Summary Posted 4 years 60 days ago by Administrator Account

Daily Market Summary for March 6th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited with light demand in Kansas, Nebraska and Western Cornbelt. Not enough trades for a full market trend. In the Texas Panhandle negotiated cash trading has been at a standstill. The last reported market in all major feeding regions was on Thursday. In the Southern Plains live cash trades moved at 113.00. In Nebraska live and dressed cash trades moved at 113.00 and from 180.00-182.00, respectively. In the Western Cornbelt live and dressed cash trades moved from 113.00-115.00 and from 180.00-182.00, respectively.

   

Negotiated Sales:

Confirmed:      13,795

Week Ago:         5,215

Year Ago:         10,231

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  24,700

Weighted avg. weight:       873 lbs.

Weighted avg. net price:   183.95

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        119,000

Week ago (est)                  115,000

Year ago (act)                    115,000

Week to Date                    609,000

Same Period Last Week   602,000

Same Period Last year     584,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 207.47… +0.22

Select:  202.57… +1.51

Choice/Select Spread: 4.90

Total Load Count: 103

    

Cutter Cow Cutout:

174.49… +0.17

   

CME Feeder Cattle Index for March 5th:

133.87… +0.04

   

Futures…

Live Cattle:

April: 105.75… -2.90

June: 100.02… -2.63

August: 101.07… -2.70

   

Feeder Cattle:

March: 130.70… -2.92

April: 130.05… -3.60

May: 131.15… -3.30

     

April Hogs: 65.92… +0.55

April Crude Oil: 41.28… -4.62

   

May Corn: 3.7600… -0.0575

May Soybeans: 8.9125… -0.0575

May Wheat: 5.1575… -0.0300

   

Grain Cash Bids:

Kansas City Corn: 3.88… -0.05

Kansas City Soybeans: 8.86… -0.06

Kansas City Wheat: 5.08… -0.03

   

Financial Markets:

DJIA: 25,865.05… -256.23

S & P 500: 2,972.40… -51.54

NASDAQ: 8,575.62… -162.98

U.S. Dollar Index: 96.05… -0.77