Mar 18 2022

Texas Daily Ag Market Summary Posted 2 years 255 days ago by Administrator Account

Daily Market Summary for March 18^th

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

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As of 3:00 PM Friday in the Western Cornbelt, negotiated cash trading has been slow on light demand. A few live purchases traded at 142.00, however not enough for a full market trend. The last reported market was on Thursday with live purchases at 140.00 and dressed purchases at 222.00. Thus far for Friday in the Southern Plains and Nebraska negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a full market trend. The last reported market in these regions was on Thursday with live purchases at 138.00 and dressed purchases, in Nebraska, at 221.00.

Negotiated Sales:

Confirmed:    8,890

Week Ago:     1,247

Year Ago:       4,532

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,600

Weighted avg. weight:        863.00

Weighted avg. net price:     221.82

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Cattle Slaughter under Federal Inspection

Friday (est)                          100,000

Week ago (est)                    111,000

Year ago (act)                       107,000

Week to Date                       600,000

Same Period Last Week     610,000

Same Period Last Year       563,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        30,000

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Boxed Beef:

Cutout Values:

Choice: 258.16… +1.11

Select:  250.65… -0.03

Choice/Select Spread: 7.51

Total Load Count: 95

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Cutter Cow Cutout:

230.17… +1.26

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CME Feeder Cattle Index for March 17th:

154.85… +0.62 / +0.40%

1 Year Change: +15.53%

52 Week Range: 130.15 to 165.35

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Futures Settlements…

Live Cattle:

April: 140.50… +1.03

June: 137.07… +1.15

August: 137.60… +0.95

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Feeder Cattle:

March: 157.00… +0.45

April: 162.32… +1.22

May: 167.45… +1.58

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April Hogs: 99.40… -0.95

April Crude Oil: 104.70… +1.72

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May Corn: 7.4175… -0.1275

May Wheat: 10.6375… -0.3425

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Grain Cash Bids:

Omaha Corn: 7.18… -0.06

Kansas City Wheat: 9.97… -0.21

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Financial Markets:

DJIA: 34,749.56... +269.66

S & P 500: 4,462.08... +50.72

NASDAQ: 13,889.78... +281.06

U.S. Dollar Index: 98.21... +0.24