Mar 03 2022

Texas Daily Ag Market News Summary Posted 3 years 132 days ago by Administrator Account

Daily Market Summary for March 3^rd

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 Thursday in Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In Nebraska a few live and dressed purchases traded at 140.00 and 224.00, respectively. However not enough for a full market trend. Wednesday was the last reported market with live purchases at 140.00 and dressed purchases from 224.00-225.00. In the Western Cornbelt a few live and dressed purchases traded at 143.00 and 224.00, respectively. However, not enough of for a full market trend. Wednesday was the last reported market with live purchases at 142.00 and dressed purchases at 225.00. Thus far for Thursday in the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. Wednesday was the last reported market with live purchases at 140.00.

 

Negotiated Sales:

Confirmed:       8,797

Week Ago:      21,788

Year Ago:          5,780

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,900

Weighted avg. weight:        857.00

Weighted avg. net price:     228.36

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     124,000

Week ago (est)                     124,000

Year ago (act)                       123,000

Week to Date                       493,000

Same Period Last Week     478,000

Same Period Last Year       485,000

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 254.35… -1.37

Select:  247.79… -3.55

Choice/Select Spread: 6.56

Total Load Count: 153

 

Cutter Cow Cutout:

228.05… -2.27

 

CME Feeder Cattle Index for March 2^nd:

157.78… -1.47 / -0.92%

1 Year Change: +15.96%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 138.35… -1.75

June: 135.15… -1.35

August: 135.65… -1.05

 

Feeder Cattle:

March: 156.35… -1.95

April: 160.52… -2.48

May: 165.50… -2.50

 

April Hogs: 105.20… -1.10

April Crude Oil: 107.67… -2.93

 

May Corn: 7.4775… +0.2275

May Wheat: 12.8900… +2.3000

 

Grain Cash Bids:

Omaha Corn: 7.43… +0.23

Kansas City Wheat: 11.05… +0.60

 

Financial Markets:

DJIA: 33,794.49… -86.15

S & P 500: 4,363.56… -22.61

NASDAQ: 13,525.46… -224.26

U.S. Dollar Index: 97.77… +0.38