Mar 08 2021

Texas Daily Ag Market News Summary Posted 3 years 266 days ago by Administrator Account

Daily Market Summary for March 8^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt, and at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 114.00. In Nebraska, live purchases traded from 113.00-114.00 and dressed purchases traded at 180.00. In Colorado, live purchases traded from 113.00-114.00. In the Western Cornbelt live purchases traded from 112.00-114.00 and dressed purchases traded at 180.00.

       

Negotiated Sales:

Confirmed:         78

Week Ago:        118

Year Ago:       4,743

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,700

Weighted avg. weight:        861 lbs.

Weighted avg. net price:     182.06

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       121,000

Week ago (est)                    120,000

Year ago (act)                      123,000

Previous Day (est)

Steers & Heifers:  85,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 231.08… -0.25

Select:  223.13… +2.28

Choice/Select Spread: 7.95

Total Load Count: 70

            

Cutter Cow Cutout:

187.70… -0.28

   

CME Feeder Cattle Index for March 5^th:

133.92… -0.93

            

Futures Settlements…

Live Cattle:

April: 119.35… +0.33

June: 119.15… +1.15

August: 117.85… +0.78

   

Feeder Cattle:

March: 135.35… +0.75

April: 139.67… +0.65

May: 145.07… -0.08

     

April Hogs: 87.30… +0.13

April Crude Oil: 65.05… -1.04

   

March Corn: 5.6500… +0.0300

March Wheat: 6.4650… -0.0750

   

Grain Cash Bids:

Kansas City Corn: 5.44… +0.01

Kansas City Wheat: 5.92… -0.04

   

Financial Markets:

DJIA: 31,802.51… +304.63

S & P 500: 3,821.38… -20.40

NASDAQ: 12,629.20… -290.95

U.S. Dollar Index: 92.39… +0.41