Mar 10 2020

Texas Daily Market News Summary Posted 4 years 56 days ago by Administrator Account

Daily Market Summary for March 10th

  

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade has been at a standstill in all major feeding regions. The latest established market in any feeding regions was last week with live purchases in the Southern Plains and Nebraska at 113.00. Dressed purchases last week in Nebraska traded from 180.00-182.00. Last week in the Western Cornbelt live purchases traded from 112.00-115.00 with dressed purchases from 180.00-182.00.

    

Negotiated Sales:

Confirmed:           144

Week Ago:              39

Year Ago:           7,035

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  27,300

Weighted avg. weight:       866 lbs.

Weighted avg. net price:   186.54

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     123,000

Week ago (est)                  124,000

Year ago (act)                    122,000

Week to Date                    245,000

Same Period Last Week   245,000

Same Period Last year     242,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values weak on Choice and sharply lower on Select on light to moderate demand and offerings. Select and Choice chuck and round cuts steady to weak. Choice rib and loin cuts steady to firm while Select lower.

Cutout Values:

Choice: 207.09… -0.27

Select:  198.71… -3.61

Choice/Select Spread: 8.38

Total Load Count: 138

     

Cutter Cow Cutout:

174.49… +0.85

    

CME Feeder Cattle Index for March 6th:

134.86

    

Futures…

Live Cattle:

April: 105.45… +2.60

June: 99.52… +2.42

August: 99.67… +1.60

    

Feeder Cattle:

March: 127.75… +1.55

April: 127.95… +2.40

May: 129.75… +3.10

      

April Hogs: 65.00… +2.00

April Crude Oil: 34.36… +3.23

    

May Corn: 3.7750… +0.0475

May Soybeans: 8.7625… +0.0625

May Wheat: 5.2225… +0.0350

    

Grain Cash Bids:

Kansas City Corn: 3.91… +0.05

Kansas City Soybeans: 8.69… +0.06

Kansas City Wheat: 5.15… +0.04

    

Financial Markets:

DJIA: 25,018.16… +1,167.80

S & P 500: 2,882.23… +135.99

NASDAQ: 8,344.25… +393.57

U.S. Dollar Index: 96.47… +1.57