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Mar
04
2022

Texas Daily Ag Market News Summary

Posted 331 days ago ago by Administrator Account

Daily Market Summary for March 4th

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 Friday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases for a market trend. The last reported market in the Southern Plains was on Wednesday with live purchases at 140.00. In Nebraska on Wednesday live and dressed purchases traded at 140.00 and from 224.00-225.00, respectively. In the Western Cornbelt on Thursday live and dressed purchases traded at 143.00 and 224.00.

 

Negotiated Sales:

Confirmed:       2,736

Week Ago:        6,594

Year Ago:          9,775

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,000

Weighted avg. weight:        869.00

Weighted avg. net price:     227.79

 

Cattle Slaughter under Federal Inspection

Friday (est)                           123,000

Week ago (est)                     119,000

Year ago (act)                       109,000

Week to Date                       616,000

Same Period Last Week     597,000

Same Period Last Year       594,000

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 254.33… -0.02

Select:  248.41… +0.62

Choice/Select Spread: 5.92

Total Load Count: 112

 

Cutter Cow Cutout:

228.32… +0.27

 

CME Feeder Cattle Index for March 3rd:

156.19… -1.59 / -1.01%

1 Year Change: +15.82%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 135.77… -2.58

June: 132.52… -2.63

August: 134.15… -1.50

 

Feeder Cattle:

March: 153.12… -3.23

April: 157.25… -3.27

May: 162.35… -3.15

 

April Hogs: 100.45… -4.75

April Crude Oil: 115.68… +8.01

 

May Corn: 7.5425… +0.0650

May Wheat: 12.0900… +0.7500

 

Grain Cash Bids:

Omaha Corn: 7.16… +0.17

Kansas City Wheat: 11.00… +0.42

 

Financial Markets:

DJIA: 33,614.67… -179.82

S & P 500: 4,328.87… -34.69

NASDAQ: 13,316.07… -209.39

U.S. Dollar Index: 98.60… +0.81