Texas Daily Ag Market News Summary

Posted 4 years 41 days ago by Administrator Account

Daily Market Summary for March 20th

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

Cattle Slaughter under Federal Inspection:

Friday (est) 109,000

Week ago (est) 101,000

Year ago (act) 114,000

Week to Date 583,000

Same Period Last Week 586,000

Same Period Last year 594,000

Previous Day (est)

Steers & Heifers: 95,000

Cows & Bulls: 27,000

Boxed Beef:

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

Cutout Values:

Choice: 253.75… +3.88

Select: 240.17… -0.89

Choice/Select Spread: 13.58

Total Load Count: 147

Cutter Cow Cutout:

182.43… +3.44

CME Feeder Cattle Index for March 19th:

121.38… -0.37

Futures…

Live Cattle:

April: 98.65… +3.55

June: 89.52… +0.60

August: 90.75… +1.10

Feeder Cattle:

March: 120.72… +3.65

April: 118.82… +4.70

May: 118.25… +5.23

April Hogs: 61.57… +0.42

April Crude Oil: 22.43… -2.79

May Corn: 3.4375… -0.0175

May Soybeans: 8.6250… +0.1925

May Wheat: 5.3925… +0.0425

Grain Cash Bids:

Kansas City Corn: 3.50… -0.04

Kansas City Soybeans: 8.58… +0.20

Kansas City Wheat: 5.32… +0.04

Financial Markets:

DJIA: 19,173.70… -904.49

S & P 500: 2,304.70… -104.82

NASDAQ: 6,879.52… -271.06

U.S. Dollar Index: 102.74… -0.02

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