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Mar
16
2022

Texas Daily Ag Market Summary

Posted 316 days ago ago by Administrator Account

Daily Market Summary for March 11th

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, 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