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Mar
13
2020

Texas Daily Ag Market News Summary

Posted 4 years 266 days ago by Administrator Account

​Daily Market Summary for March 13th

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


Slaughter Cattle:
As of 3:00 PM Friday, negotiated cash trade was light on light to moderate demand in all feeding regions. Compared to Wednesday in Kansas, a few live purchases traded 2.00-5.00 lower from 105.00-108.00. Not enough purchases in any other feeding regions for an adequate market test. The latest established live market in the Texas Panhandle was on Wednesday with live purchases at 110.00.  On Wednesday in Nebraska and the Western Cornbelt the bulk of live purchases traded at 110.00 dressed purchases from 175.00-176.00, bulk at 175.00.
    
Negotiated Sales:
Confirmed:        9,550
Week Ago:      13,795
Year Ago:          5,706
     
Formula Net
Dressed Steers & Heifers:
Head count priced today:  25,100
Weighted avg. weight:       866 lbs.
Weighted avg. net price:   180.77
         
Cattle Slaughter under Federal Inspection:
Friday (est)                        101,000
Week ago (est)                  119,000
Year ago (act)                    103,000
Week to Date                    586,000
Same Period Last Week   609,000
Same Period Last year     557,000
Previous Day (est)
Steers & Heifers:  91,000
Cows & Bulls:        26,000
                                                                                                               
Boxed Beef:
Boxed beef cutout values sharply higher on good demand and heavy offerings. Select and Choice chuck and round cuts firm to higher while rib cuts steady to firm. Choice loin cuts weak while Select firm.
Cutout Values:
Choice: 208.14… +2.13
Select:  201.98… +4.10
Choice/Select Spread: 6.16
Total Load Count: 153
     
Cutter Cow Cutout:
174.65… -0.64
    
CME Feeder Cattle Index for March 12th:
127.91… -3.13
    
Futures…
Live Cattle:
April: 95.57… -4.50
June: 89.75… -4.50
August: 89.17… -4.50
    
Feeder Cattle:
March: 113.00… -5.82
April: 112.60… -6.42
May: 114.47… -6.28
      
April Hogs: 56.37… -4.50
April Crude Oil: 31.73… +0.23
    
May Corn: 3.6575… Unchanged
May Soybeans: 8.4875… -0.1075
May Wheat: 5.0600… +0.0050
    
Grain Cash Bids:
Kansas City Corn: 3.77… -0.02
Kansas City Soybeans: 8.44… -0.11
Kansas City Wheat: 4.99… +0.01
    
Financial Markets:
DJIA: 23,181.21… +1,980.26
S & P 500: 2,709.09… +228.41
NASDAQ: 7,874.23… +672.43
U.S. Dollar Index: 98.71… +1.24