Texas Daily Ag Market Summary

Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been limited on light demand in Kansas, Nebraska and Western Cornbelt. Not enough purchases in these regions for a full market trend. In the Texas Panhandle negotiated cash trading has been at a standstill. Last week in the Southern Plains and Nebraska live purchases traded at 138.00 and dressed purchases, in Nebraska, traded at 220.00. Last week in the Western Cornbelt live purchases traded from 138.00-140.00 and dressed purchases traded from 219.00-222.00.

Negotiated Sales:

Confirmed:    3,220

Week Ago:   26,951

Year Ago:     22,868

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,300

Weighted avg. weight:        858.00

Weighted avg. net price:     224.65

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Cattle Slaughter under Federal Inspection

Wednesday (est)                125,000

Week ago (est)                    125,000

Year ago (act)                      115,000

Week to Date                       375,000

Same Period Last Week     375,000

Same Period Last Year       344,000

Tuesday

Steers & Heifers:  95,000

Cows & Bulls:        30,000

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Boxed Beef:

Cutout Values:

Choice: 258.08… +0.18

Select:  250.27… +1.43

Choice/Select Spread: 7.81

Total Load Count: 123

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Cutter Cow Cutout:

230.45… +0.46

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CME Feeder Cattle Index for March 15th:

153.14… +0.14 / +0.22%

1 Year Change: +14.33%

52 Week Range: 130.15 to 165.35

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Futures Settlements…

Live Cattle:

April: 139.35… -1.50

June: 135.52… -1.28

August: 136.50… -0.80

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Feeder Cattle:

March: 157.25… +0.90

April: 162.62… +0.02

May: 167.27… -0.03

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April Hogs: 102.37… -0.03

April Crude Oil: 95.04… +1.40

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May Corn: 7.3000… -0.2800

May Wheat: 10.6925… -0.8500

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Grain Cash Bids:

Omaha Corn: 6.92… -0.26

Kansas City Wheat: 9.94… -0.85

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Financial Markets:

DJIA: 34,030.36… +484.44

S & P 500: 4,351.71… +91.10

NASDAQ: 13,412.72… +466.60

U.S. Dollar Index: 98.38… -0.72