Mar 01 2021

Texas Daily Ag Market News Summary Posted 3 years 273 days ago by Administrator Account

Daily Market Summary for March 1^st

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 trading has been at a standstill in the 5 Area Feeding Region. For the prior week live purchases were at 114.00 in the 5 Area Feeding Region. For the previous week in Nebraska and Western Cornbelt dressed purchases were at 182.00.

       

Negotiated Sales:

Confirmed:    118

Week Ago:       68

Year Ago:    2,498

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,200

Weighted avg. weight:        889 lbs.

Weighted avg. net price:     183.74

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       120,000

Week ago (est)                    119,000

Year ago (act)                      123,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 239.03… -1.50

Select:  227.64… -2.09

Choice/Select Spread: 11.39

Total Load Count: 85

            

Cutter Cow Cutout:

188.83… +1.32

   

CME Feeder Cattle Index for February 26^th:

138.35… -0.56

            

Futures Settlements…

Live Cattle:

April: 118.97… -1.03

June: 117.50… -0.92

August: 116.47… -0.58

   

Feeder Cattle:

March: 137.20… -1.47

April: 141.12… -1.45

May: 143.90… -1.17

     

April Hogs: 87.72… +0.57

April Crude Oil: 60.64… -0.86

   

March Corn: 5.4750… -0.0800

March Wheat: 6.4375… -0.1125

   

Grain Cash Bids:

Kansas City Corn: 5.35… -0.10

Kansas City Wheat: 5.89… -0.11

   

Financial Markets:

DJIA: 31,535.58… +608.48

S & P 500: 3,901.83… +90.86

NASDAQ: 13,588.83… +396.49

U.S. Dollar Index: 91.06… +0.18