Mar 09 2021

Texas Daily Ag Market News Summary Posted 3 years 47 days ago by Administrator Account

Daily Market Summary for March 9^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in Nebraska and Colorado has been slow on light demand with a few live purchases steady to 1.00 higher compared to last week at 114.00. Not enough dressed purchases for a full market trend. The last reported dressed market in Nebraska was last week at 180.00. Negotiated cash trading was mostly inactive on light demand in Texas and the Western Cornbelt and was at a standstill in Kansas, not enough purchases for a full market trend. Last week in the Southern Plains live purchases traded at 114.00. In the Western Cornbelt last week live purchases traded from 112.00-114.00 and dressed purchases traded at 180.00.

       

Negotiated Sales:

Confirmed:    9,879

Week Ago:          38

Year Ago:          144

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   16,700

Weighted avg. weight:        851 lbs.

Weighted avg. net price:     186.65

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       121,000

Week ago (est)                    123,000

Year ago (act)                      124,000

Week to Date                      242,000

Same Period Last Week    243,000

Same Period Last Year      247,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 229.03… -2.05

Select:  223.80… +0.67

Choice/Select Spread: 5.23

Total Load Count: 158

            

Cutter Cow Cutout:

188.09… +0.39

   

CME Feeder Cattle Index for March 5^th:

133.92… -0.93

            

Futures Settlements…

Live Cattle:

April: 119.65… +0.30

June: 119.65… +0.50

August: 118.22… +0.37

   

Feeder Cattle:

March: 137.15… +1.80

April: 142.07… +2.40

May: 146.97… +1.90

     

April Hogs: 88.35… +1.05

April Crude Oil: 64.01… -1.04

   

March Corn: 5.6200… -0.0300

March Wheat: 6.5650… +0.1000

   

Grain Cash Bids:

Kansas City Corn: 5.43… -0.01

Kansas City Wheat: 5.97… +0.05

   

Financial Markets:

DJIA: 31,832.74… +30.23

S & P 500: 3,875.44… +54.06

NASDAQ: 13,075.90… +466.70

U.S. Dollar Index: 91.96… -0.35