Mar 19 2020

Texas Daily Ag Market News Summary Posted 4 years 254 days ago by Administrator Account

Daily Market Summary for March 19th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

 

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been very limited with light demand in Kansas, Nebraska and Western Cornbelt. Not enough trades for a full market trend. Wednesday was the last fully reported in these feeding regions. In Kansas live cash trades moved mostly at 112.00. In Nebraska and the Western Cornbelt live cash trades moved from 110.00-112.00 and dressed cash trades moved at 175.00. So far for Thursday in the Texas Panhandle negotiated cash trading has been at a standstill. Tuesday was the last reported market with live cash trades at 110.00.

   

Negotiated Sales:

Confirmed:       4,757

Week Ago:      12,759

Year Ago:            499

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  33,900

Weighted avg. weight:       879 lbs.

Weighted avg. net price:   177.46

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   115,000

Week ago (est)                  117,000

Year ago (act)                    120,000

Week to Date                    474,000

Same Period Last Week   485,000

Same Period Last year     480,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Boxed beef cutout values sharply higher on good demand and heavy offerings. Select and Choice chuck and round cuts higher while rib cuts steady. Choice loin cuts steady while Select lower.

Cutout Values:

Choice: 249.87… +2.63

Select:  241.06… +2.56

Choice/Select Spread: 8.81

Total Load Count: 234

        

Cutter Cow Cutout:

178.99… +0.30

   

CME Feeder Cattle Index for March 17th:

123.36

   

Futures…

Live Cattle:

April: 95.10… +3.00

June: 88.92… +3.00

August: 89.65… +3.00

   

Feeder Cattle:

March: 117.07… +4.50

April: 114.12… +4.50

May: 113.02… +4.50

     

April Hogs: 61.15… +3.00

April Crude Oil: 25.22… +4.85

   

May Corn: 3.4550… +0.1025

May Soybeans: 8.4325… +0.1775

May Wheat: 5.3500… +0.2675

   

Grain Cash Bids:

Kansas City Corn: 3.54… +0.10

Kansas City Soybeans: 8.38… +0.17

Kansas City Wheat: 5.28… +0.27

   

Financial Markets:

DJIA: 20,088.35… +189.43

S & P 500: 2,409.52… +11.42

NASDAQ: 7,150.58… +160.74

U.S. Dollar Index: 102.79… +1.63