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Mar
07
2022

Texas Daily Ag Market News Summary

Posted 328 days ago ago by Administrator Account

Daily Market Summary for March 7th

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 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 4th:

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