Mar 23 2020

Texas Daily Ag Market News Summary Posted 4 years 250 days ago by Administrator Account

Daily Market Summary for March 23rd

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

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on moderate demand in all feeding regions. Not enough purchases in any feeding region for an adequate market test. The latest established market in any feeding region was last week with live purchases in the Texas Panhandle from 105.00-113.00, bulk at 110.00. In Kansas last week, live purchases traded from 105.00-113.00, bulk from 110.00-112.00. Last week in Nebraska live purchases traded from 105.00-112.00, bulk from 105.00-110.00 with dressed purchases from 170.00-175.00. Last week in the Western Cornbelt live purchases traded from 110.00-112.00 with dressed purchases from 170.00-175.00.

   

Negotiated Sales:

Confirmed:          898

Week Ago:      30,818

Year Ago:               70

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  35,000

Weighted avg. weight:       859 lbs.

Weighted avg. net price:   174.53

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     116,000

Week ago (est)                  116,000

Year ago (act)                    119,000

Previous Day (est)

Steers & Heifers:  83,000

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 higher. Choice rib cuts lower while Select steady. Choice loin cuts steady while Select higher.

Cutout Values:

Choice: 257.32… +3.57

Select:  245.14… +4.97

Choice/Select Spread: 12.18

Total Load Count: 236

        

Cutter Cow Cutout:

184.88… +2.45

   

CME Feeder Cattle Index for March 20th:

116.15… -5.23

   

Futures…

Live Cattle:

April: 101.65… +3.00

June: 92.52… +3.00

August: 93.75… +3.00

   

Feeder Cattle:

March: 125.22… +4.50

April: 123.32… +4.50

May: 122.75… +4.50

     

April Hogs: 64.57… +3.00

April Crude Oil: 23.36… +0.93

   

May Corn: 3.4350… -0.0025

May Soybeans: 8.8400… +0.2150

May Wheat: 5.6250… +0.2325

   

Grain Cash Bids:

Kansas City Corn: 3.50… Unchanged

Kansas City Soybeans: 8.79… +0.21

Kansas City Wheat: 5.55… +0.23

   

Financial Markets:

DJIA: 18,591.93… -581.77

S & P 500: 2,237.48… -67.22

NASDAQ: 6,860.67… -18.85

U.S. Dollar Index: 102.54… -0.28