Mar 16 2021

Texas Daily Ag Market News Summary Posted 3 years 258 days ago by Administrator Account

Daily Market Summary for March 16^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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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 15^th:

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