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Mar
25
2020

Texas Daily Ag Market News Summary

Posted 4 years 248 days ago by Administrator Account

Daily Market Summary for March 25th

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 Wednesday, negotiated cash trade was moderate on good demand in all feeding regions. Compared to the bulk of last week live purchases in the Texas Panhandle traded 9.00-10.00 higher from 119.00-120.00. In Kansas compared to the bulk of last week live purchases traded 8.00-10.00 higher from 119.00-120.00. In Nebraska early live purchases have traded 10.00-14.00 higher compared to the bulk of trade last week from 119.00-120.00. Dressed purchases compared to last week were 15.00-20.00 higher at 190.00. Compared to last week, in the Western Cornbelt early live purchases traded 8.00-10.00 higher at 120.00 with dressed purchases 15.00-2.00 higher at 190.00.

   

Negotiated Sales:

Confirmed:     47,013

Week Ago:      32,618

Year Ago:        30,513

     

Formula Net

Dressed Steers & Heifers:

Head count priced today:  11,700

Weighted avg. weight:       842 lbs.

Weighted avg. net price:   181.32

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)              122,000

Week ago (est)                  122,000

Year ago (act)                    121,000

 Week to Date                   361,000

Same Period Last Week  359,000

Same Period Last year    359,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

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

Cutout Values:

Choice: 255.30… -1.01

Select:  243.09… -2.39

Choice/Select Spread: 12.21

Total Load Count: 149

        

Cutter Cow Cutout:

187.37… +3.48

   

CME Feeder Cattle Index for March 24th:

123.44… +5.21

   

Futures…

Live Cattle:

April: 108.45… +2.30

June: 96.32… -0.70

August: 97.17… -1.08

   

Feeder Cattle:

March: 132.07… +1.85

April: 128.72… -1.35

May: 129.10… -0.40

     

April Hogs: 65.85… -0.57

April Crude Oil: 24.49… +0.48

   

May Corn: 3.4850… +0.0125

May Soybeans: 8.8150… -0.0525

May Wheat: 5.8000… +0.1850

   

Grain Cash Bids:

Kansas City Corn: 3.55… +0.02

Kansas City Soybeans: 8.74… -0.08

Kansas City Wheat: 5.68… +0.14

   

Financial Markets:

DJIA: 21,200.55… +495.64

S & P 500: 2,475.56… +28.23

NASDAQ: 7,384.30… -33.56

U.S. Dollar Index: 100.95… -1.09