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Mar
16
2021
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Posted 2 years 75 days ago ago by Administrator Account
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Daily Market Summary for March 16th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading was mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Colorado live purchases traded at 114.00. In Nebraska live and dressed purchases trading from 113.00-114.00 and at 180.00, respectively. In the Western Cornbelt live and dressed purchases traded from 112.00- 113.00 and 178.00-180.00, respectively.
Negotiated Sales:
Confirmed: 315
Week Ago: 9,879
Year Ago: 144
Formula Net
Dressed Steers & Heifers:
Head count priced today: 13,900
Weighted avg. weight: 864 lbs.
Weighted avg. net price: 185.16
Cattle Slaughter under Federal Inspection:
Tuesday (est) 121,000
Week ago (est) 121,000
Year ago (act) 123,000
Week to Date 228,000
Same Period Last Week 242,000
Same Period Last Year 241,000
Previous Day (est)
Steers & Heifers: 82,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 226.93… +2.16
Select: 218.77… +0.72
Choice/Select Spread: 8.16
Total Load Count: 132
Cutter Cow Cutout:
188.21… -0.04
CME Feeder Cattle Index for March 15th:
133.86… -0.07
Futures Settlements…
Live Cattle:
April: 118.20… -0.92
June: 121.45… -0.32
August: 121.00… +0.18
Feeder Cattle:
March: 136.57… -0.45
April: 143.32… -0.60
May: 149.72… Unchanged
April Hogs: 92.90… +2.35
April Crude Oil: 64.80… -0.59
May Corn: 5.5425… +0.0475
May Wheat: 6.4700… +0.0200
Grain Cash Bids:
Kansas City Corn: 5.51… +0.04
Kansas City Wheat: 5.78… +0.01
Financial Markets:
DJIA: 32,825.69… -126.91
S & P 500: 3,962.71… -6.17
NASDAQ: 13,470.43… +10.72
U.S. Dollar Index: 91.84… +0.01