Mar 11 2022

Texas Daily Ag Market News Summary Posted 2 years 40 days ago by Administrator Account

Daily Market Summary for March 11^th

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Slaughter Cattle:

As of 3:00 PM Friday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. In the Texas Panhandle Tuesday was the last reported market with live purchases at 138.00. In Kansas Wednesday was the last reported market with live purchases at 138.00. In Nebraska the last reported market was on Wednesday with live and dressed purchases trading at 138.00 and 220.00, respectively. In the Western Cornbelt the last reported market was on Wednesday with live purchases from 138.00-140.00 and dressed purchases from 219.00-222.00.

 

Negotiated Sales:

Confirmed:     1,247

Week Ago:      2,736

Year Ago:        8,424

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,100

Weighted avg. weight:        861.00

Weighted avg. net price:     223.92

 

Cattle Slaughter under Federal Inspection

Friday (est)                           111,000

Week ago (est)                     123,000

Year ago (act)                       114,000

Week to Date                       610,000

Same Period Last Week     616,000

Same Period Last Year       596,000

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 254.71… +0.77

Select:  249.11… +1.74

Choice/Select Spread: 5.60

Total Load Count: 97

 

Cutter Cow Cutout:

229.07… +1.65

 

CME Feeder Cattle Index for March 10^th:

152.56… -0.50 / -0.33%

1 Year Change: +13.74%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 137.30… +1.40

June: 132.95… +0.50

August: 135.07… +0.42

 

Feeder Cattle:

March: 153.27… +1.62

April: 157.97… +1.72

May: 163.72… +1.92

 

April Hogs: 102.72… +2.62

April Crude Oil: 109.33… +3.31

 

May Corn: 7.6250… +0.0675

May Wheat: 11.0650… +0.1950

 

Grain Cash Bids:

Omaha Corn: 7.24… +0.03

Kansas City Wheat: 10.06… +0.27

 

Financial Markets:

DJIA: 32,943.33… -230.74

S & P 500: 4,204.44… -55.00

NASDAQ: 12,841.77… -301.61

U.S. Dollar Index: 99.14… +0.63