Mar 11 2021

Texas Daily Ag Market News Summary Posted 3 years 40 days ago by Administrator Account

Daily Market Summary for March 11^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt, and at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. The last reported market in the Southern Plains was on Wednesday with live purchases at 114.00. In Nebraska on Wednesday, live purchases traded from 113.00-114.00 and dressed purchases at 180.00. In Colorado on Wednesday, live purchases traded at 114.00. On Wednesday in the Western Cornbelt, live purchases traded from 112.00-113.00 and dressed purchases from 178.00-180.00.

       

Negotiated Sales:

Confirmed:      4,428

Week Ago:       5,780

Year Ago:       12,759

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   16,500

Weighted avg. weight:        862 lbs.

Weighted avg. net price:     186.21

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     118,000

Week ago (est)                    121,000

Year ago (act)                      119,000

Week to Date                      481,000

Same Period Last Week    485,000

Same Period Last Year      491,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        28,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 226.67… -0.62

Select:  220.07… +0.25

Choice/Select Spread: 6.60

Total Load Count: 133

            

Cutter Cow Cutout:

188.33… +1.12

   

CME Feeder Cattle Index for March 10^th:

133.85… -0.14

            

Futures Settlements…

Live Cattle:

April: 118.52… -0.25

June: 119.67… +0.70

August: 118.65… +0.73

   

Feeder Cattle:

March: 135.25… -0.95

April: 141.27… -0.45

May: 146.40… -0.42

     

April Hogs: 91.50… +2.73

April Crude Oil: 66.02… +1.58

   

March Corn: 5.5500… +0.0725

March Wheat: 6.3625… -0.1450

   

Grain Cash Bids:

Kansas City Corn: 5.36… +0.05

Kansas City Wheat: 5.74… -0.13

   

Financial Markets:

DJIA: 32,485.59… +188.50

S & P 500: 3,939.34… +40.53

NASDAQ: 13,398.67… +329.84

U.S. Dollar Index: 91.38… -0.43