Mar 07 2022

Texas Daily Ag Market News Summary Posted 3 years 129 days ago by Administrator Account

Daily Market Summary for March 7^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Nebraska live purchases traded at 140.00 and dressed purchases, in Nebraska, traded from 224.00-225.00. Last week in the Western Cornbelt live and dressed purchases traded at 142.00 and from 224.00-225.00, respectively.

 

Negotiated Sales:

Confirmed:       743

Week Ago:        382

Year Ago:            78

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,200

Weighted avg. weight:        867.00

Weighted avg. net price:     226.28

 

Cattle Slaughter under Federal Inspection

Monday (est)                        125,000

Week ago (est)                     122,000

Year ago (act)                       120,000

Friday

Steers & Heifers:  97,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 254.71… +0.38

Select:  250.22… +1.81

Choice/Select Spread: 4.49

Total Load Count: 102

 

Cutter Cow Cutout:

229.12… +0.80

 

CME Feeder Cattle Index for March 4^th:

157.37… -0.82 / -0.53%

1 Year Change: +16.02%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 137.90… +2.13

June: 133.92… +1.40

August: 135.30… +1.15

 

Feeder Cattle:

March: 154.60… +1.48

April: 159.67… +2.42

May: 164.90… +2.55

 

April Hogs: 100.27… -0.18

April Crude Oil: 119.40… +3.72

 

May Corn: 7.5075… -0.0350

May Wheat: 12.9400… +0.8500

 

Grain Cash Bids:

Omaha Corn: 7.22… +0.06

Kansas City Wheat: 11.59… +0.59

 

Financial Markets:

DJIA: 32,848.76… -765.91

S & P 500: 4,200.96… -127.91

NASDAQ: 12,851.25… -464.82

U.S. Dollar Index: 99.18… +0.53