Mar 23 2021

Texas Daily Ag Market News Summary Posted 3 years 251 days ago by Administrator Account

Daily Market Summary for March 23^rd

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Slaughter Cattle:

As of 3:00 PM Tuesday, 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 and Northern Plains live purchases traded at 114.00. In Nebraska dressed purchases traded from 180.00-182.00. For the prior week in the Western Cornbelt live purchases traded from 114.00-115.00 and dressed purchases traded from 180.00-182.00.

       

Negotiated Sales:

Confirmed:           185

Week Ago:            315

Year Ago:           1,192

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   15,000

Weighted avg. weight:        853 lbs.

Weighted avg. net price:     183.15

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       117,000

Week ago (est)                    121,000

Year ago (act)                      125,000

Week to Date                      233,000

Same Period Last Week    228,000

Same Period Last Year      242,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 233.99… +3.04

Select:  225.23… +2.18

Choice/Select Spread: 8.76

Total Load Count: 143

            

Cutter Cow Cutout:

187.53… -1.48

   

CME Feeder Cattle Index for March 22^nd:

134.64… +0.38

            

Futures Settlements…

Live Cattle:

April: 119.12… +0.35

June: 120.05… +1.13

August: 119.10… +0.98

   

Feeder Cattle:

March: 135.45… +0.38

April: 139.75… +0.33

May: 145.47… +0.37

     

April Hogs: 96.47… +1.42

April Crude Oil: 57.76… -3.79

   

May Corn: 5.5125… +0.0225

May Wheat: 6.3475… +0.0750

   

Grain Cash Bids:

Kansas City Corn: 5.48… +0.02

Kansas City Wheat: 5.52… +0.04

   

Financial Markets:

DJIA: 32,423.22… -307.98

S & P 500: 3,910.52… -30.08

NASDAQ: 13,233.12… -144.42

U.S. Dollar Index: 92.35… +0.61