Mar 04 2021

Texas Daily Ag Market News Summary Posted 3 years 270 days ago by Administrator Account

Daily Market Summary for March 4^th

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Slaughter Cattle:

As of 3:00 PM Thursday in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. In the Texas Panhandle and Colorado negotiated cash trading has been at a standstill. Wednesday was the last reported market in the Southern Plains and Northern Plains with live purchases at 114.00 and dressed purchases, in Nebraska, traded at 180.00. Last week in the Western Cornbelt live and dressed purchases traded at 114.00 and 182.00, respectively.

       

Negotiated Sales:

Confirmed:     5,522

Week Ago:    14,065

Year Ago:        9,817

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   19,100

Weighted avg. weight:        860 lbs.

Weighted avg. net price:     186.05

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     121,000

Week ago (est)                    121,000

Year ago (act)                      124,000

Week to Date                      485,000

Same Period Last Week    483,000

Same Period Last Year      493,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        28,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 233.88… +0.85

Select:  221.68… -2.56

Choice/Select Spread: 12.20

Total Load Count: 127

            

Cutter Cow Cutout:

187.80… -0.07

   

CME Feeder Cattle Index for March 3^rd:

136.07… -1.10

            

Futures Settlements…

Live Cattle:

April: 118.55… -0.85

June: 116.97… -0.70

August: 116.22… -0.68

   

Feeder Cattle:

March: 135.10… -1.90

April: 138.97… -2.33

May: 142.65… -1.92

     

April Hogs: 87.30… -0.62

April Crude Oil: 63.83… +2.55

   

March Corn: 5.4625… -0.0400

March Wheat: 6.4975… -0.0225

   

Grain Cash Bids:

Kansas City Corn: 5.30… -0.02

Kansas City Wheat: 5.91… -0.05

   

Financial Markets:

DJIA: 30,922.50… -348.19

S & P 500: 3,768.54… -51.22

NASDAQ: 12,723.47… -276.68

U.S. Dollar Index: 91.62… +0.67