Mar 17 2022

Texas Daily Ag Market Summary Posted 2 years 39 days ago by Administrator Account

Daily Market Summary for March 11^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been moderate on light demand. Compared to last week live purchases traded steady at 138.00. In Nebraska negotiated cash trading has been slow with light demand. Compared to last week live purchases traded steady at 138.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded at 220.00. Thus far for Thursday in the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. Last week live purchases traded from 138.00-140.00 and dressed purchases traded from 219.00-222.00.

Negotiated Sales:

Confirmed:  35,154

Week Ago:     6,454

Year Ago:     12,514

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,600

Weighted avg. weight:        894.00

Weighted avg. net price:     224.18

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Cattle Slaughter under Federal Inspection

Thursday (est)                     125,000

Week ago (est)                    124,000

Year ago (act)                       112,000

Week to Date                       500,000

Same Period Last Week     499,000

Same Period Last Year       456,000

Wednesday

Steers & Heifers:  95,000

Cows & Bulls:        30,000

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Boxed Beef:

Cutout Values:

Choice: 257.05… -1.03

Select:  250.68… +0.41

Choice/Select Spread: 6.37

Total Load Count: 148

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Cutter Cow Cutout:

228.91… -1.54

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CME Feeder Cattle Index for March 16th:

154.23… +1.09 / +0.71%

1 Year Change: +14.86%

52 Week Range: 130.15 to 165.35

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Futures Settlements…

Live Cattle:

April: 139.47… +0.12

June: 135.92… +0.40

August: 136.65… +0.15

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Feeder Cattle:

March: 156.55… -0.70

April: 161.10… -1.52

May: 165.87… -1.40

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April Hogs: 100.35… -2.02

April Crude Oil: 102.98… +7.94

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May Corn: 7.5450… +0.2450

May Wheat: 10.9800… +0.2875

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Grain Cash Bids:

Omaha Corn: 7.14… +0.22

Kansas City Wheat: 10.18… +0.24

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Financial Markets:

DJIA: 34,479.90… +449.54

S & P 500: 4,411.36… +59.65

NASDAQ: 13,608.72… +196.00

U.S. Dollar Index: 98.00… -0.62