Mar 27 2020

Texas Daily Ag Market News Summary Posted 4 years 246 days ago by Administrator Account

Daily Market Summary for March 27th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trade was mostly inactive on good demand in most feeding regions. Not enough purchases in any feeding region for an adequate market test. The latest established market in any feeding region was on Wednesday with live purchases in the Texas Panhandle from 118.00-120.00. In Kansas and Nebraska on Wednesday, live purchases traded from 119.00-120.00. Dressed purchases in Nebraska traded mostly at 190.00, with a few up to 190.50. In the Western Cornbelt on Wednesday, live purchases traded at 120.00 with dressed purchases at 190.00.

   

Negotiated Sales:

Confirmed:     3,892

Week Ago:      3,529

Year Ago:        6,419

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,500

Weighted avg. weight:       868 lbs.

Weighted avg. net price:   178.81

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        117,000

Week ago (est)                  109,000

Year ago (act)                    107,000

 Week to Date                   601,000

Same Period Last Week  583,000

Same Period Last year     584,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 252.84… -0.73

Select:  242.38… +0.21

Choice/Select Spread: 10.46

Total Load Count: 124

        

Cutter Cow Cutout:

186.61… +1.53

   

CME Feeder Cattle Index for March 26th:

130.44… +1.94

   

Futures…

Live Cattle:

April: 100.95… -4.50

June: 89.42… -4.13

August: 90.45… -4.02

   

Feeder Cattle:

April: 120.60… -4.50

May: 120.92… -4.50

August: 127.10… -4.50

     

April Hogs: 58.45… -4.45

April Crude Oil: 21.51… -1.09

   

May Corn: 3.4600… -0.0275

May Soybeans: 8.8150… +0.0125

May Wheat: 5.7125… +0.0225

   

Grain Cash Bids:

Kansas City Corn: 3.44… -0.11

Kansas City Soybeans: 8.72… -0.01

Kansas City Wheat: 5.55… -0.02

   

Financial Markets:

DJIA: 21,621.93… -930.24

S & P 500: 2,541.45… -88.62

NASDAQ: 7,502.38… -295.16

U.S. Dollar Index: 98.40… -0.95