Mar 24 2021

Texas Daily Ag Market News Summary Posted 3 years 250 days ago by Administrator Account

Daily Market Summary for March 24^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 Wednesday, negotiated cash trading in the Southern Plains has been light on light to moderate demand with live purchases 1.00 higher compared to last week at 115.00. Negotiated cash trading in all other major feeding regions has been limited on light demand with a few live purchases in Nebraska from 115.00-116.00, however not enough purchases for a full market trend. Last week in the 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:       32,705

Week Ago:        22,868

Year Ago:          47,013

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   16,300

Weighted avg. weight:        857 lbs.

Weighted avg. net price:     184.25

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 121,000

Week ago (est)                    114,000

Year ago (act)                      125,000

Week to Date                      354,000

Same Period Last Week    342,000

Same Period Last Year      367,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 234.84… +0.85

Select:  224.07… -1.16

Choice/Select Spread: 10.77

Total Load Count: 126

            

Cutter Cow Cutout:

187.28… -0.26

   

CME Feeder Cattle Index for March 23^rd:

134.86… +0.22

            

Futures Settlements…

Live Cattle:

April: 119.12… Unchanged

June: 120.30… +0.25

August: 119.75… +0.65

   

Feeder Cattle:

March: 135.77… +0.32

April: 142.45… +2.70

May: 147.32… +1.85

     

April Hogs: 97.77… +1.30

April Crude Oil: 61.18… +3.42

   

May Corn: 5.5325… +0.0200

May Wheat: 6.2475… -0.1000

   

Grain Cash Bids:

Kansas City Corn: 5.50… +0.02

Kansas City Wheat: 5.46… -0.06

   

Financial Markets:

DJIA: 32,420.65… -2.57

S & P 500: 3,889.22… -21.30

NASDAQ: 12,961.89… -271.23

U.S. Dollar Index: 92.56… +0.22