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Mar
10
2022

Texas Daily Ag Market News Summary

Posted 322 days ago ago by Administrator Account

Daily Market Summary for March 10th

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, Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a full market trend. Wednesday was the reported market in these regions. In Nebraska live and dressed purchases traded at 138.00 and 220.00, respectively. In the Western Cornbelt live and dressed purchases traded from 138.00-140.00 and 219.00-222.00, respectively. So far for Thursday in the Southern Plains negotiated cash trading has been at a standstill. In the Texas Panhandle on Tuesday live purchases traded at 138.00. In Kansas on Wednesday live purchases traded at 138.00.

 

Negotiated Sales:

Confirmed:     6,454

Week Ago:      8,797

Year Ago:        4,428

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,300

Weighted avg. weight:        904.00

Weighted avg. net price:     226.94

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     124,000

Week ago (est)                    124,000

Year ago (act)                       120,000

Week to Date                       499,000

Same Period Last Week     493,000

Same Period Last Year       482,000

Wednesday

Steers & Heifers:  95,000

Cows & Bulls:        30,000

 

Boxed Beef:

Cutout Values:

Choice: 253.94… +1.24

Select:  247.37… +2.58

Choice/Select Spread: 6.57

Total Load Count: 106

 

Cutter Cow Cutout:

227.42… -0.50

 

CME Feeder Cattle Index for March 9th:

153.06… -0.83 / -0.54%

1 Year Change: +14.35%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 135.90… -1.67

June: 132.45… -1.50

August: 134.65… -0.97

 

Feeder Cattle:

March: 151.65… -2.40

April: 156.25… -3.90

May: 161.80… -4.12

 

April Hogs: 100.10… -1.05

April Crude Oil: 106.02… +2.68

 

May Corn: 7.5575… +0.2275

May Wheat: 10.8700… -1.1450

 

Grain Cash Bids:

Omaha Corn: 7.21… +0.18

Kansas City Wheat: 9.79… -0.39

 

Financial Markets:

DJIA: 33,195.33… -89.96

S & P 500: 4,259.44… -18.42

NASDAQ: 13,143.38… -112.17

U.S. Dollar Index: 98.54… +0.57