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Mar
09
2022

Texas Daily Ag Market News Summary

Posted 323 days ago ago by Administrator Account

Daily Market Summary for March 9th

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 Wednesday in Nebraska, negotiated cash trading and demand have been moderate. Live purchases traded steady at 138.00, when compared to the last reported market on Tuesday. Dressed purchases, compared to last week, traded 4.00-5.00 lower at 220.00. In Kansas and Western Cornbelt negotiated cash trading has been limited with light demand. In Kansas live purchases traded steady at 138.00, when compared to the last reported market on Tuesday. In the Western Cornbelt not enough purchases for a full market trend. For the prior week live purchases traded at 142.00 and from 224.00-225.00, respectively. Thus far for Wednesday in the Texas Panhandle negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Tuesday was the last reported market with live purchases at 138.00.

 

Negotiated Sales:

Confirmed:     26,951

Week Ago:      29,408

Year Ago:        32,876

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,100

Weighted avg. weight:        894.00

Weighted avg. net price:     228.35

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                125,000

Week ago (est)                    123,000

Year ago (act)                       121,000

Week to Date                       375,000

Same Period Last Week     369,000

Same Period Last Year       362,000

Tuesday

Steers & Heifers:  96,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 252.70… +0.26

Select:  244.79… -0.15

Choice/Select Spread: 7.91

Total Load Count: 168

 

Cutter Cow Cutout:

227.92… -3.45

 

CME Feeder Cattle Index for March 8th:

153.11… -0.22 / -0.14%

1 Year Change: +14.85%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 137.57… -1.48

June: 133.95… -1.50

August: 135.62… -0.85

 

Feeder Cattle:

March: 154.05… +0.03

April: 160.15… -0.17

May: 165.92… -0.38

 

April Hogs: 101.15… -1.77

April Crude Oil: 108.70… -15.00

 

May Corn: 7.3300… -0.2000

May Wheat: 12.0150… -0.8500

 

Grain Cash Bids:

Omaha Corn: 7.03… -0.18

Kansas City Wheat: 10.18… -0.85

 

Financial Markets:

DJIA: 33,285.29… +653.57

S & P 500: 4,277.86… +107.62

NASDAQ: 13,255.55… +460.08

U.S. Dollar Index: 98.02… -1.04