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Mar
21
2022

Texas Daily Ag Market News Summary

Posted 311 days ago ago by Administrator Account

Daily Market Summary for March 21st

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 Monday, negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 138.00. In Nebraska last week live and dressed purchases traded at 138.00 and 221.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 140.00-142.00 and at 222.00, respectively.

Negotiated Sales:

Confirmed:    207

Week Ago:     133

Year Ago:        75

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,800

Weighted avg. weight:       874.00

Weighted avg. net price:    220.31

 

Cattle Slaughter under Federal Inspection

Monday (est)                       119,000

Week ago (est)                    125,000

Year ago (act)                       116,000

Friday

Steers & Heifers:  72,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 258.50… +0.34

Select:  252.50… +1.85

Choice/Select Spread: 6.00

Total Load Count: 90

 

Cutter Cow Cutout:

230.92… +0.75

 

CME Feeder Cattle Index for March 18th:

154.93… +0.08 / +0.05%

1 Year Change: +15.40%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.05… -0.45

June: 136.35… -0.72

August: 137.27… -0.33

 

Feeder Cattle:

March: 156.10… -0.90

April: 161.20… -1.12

May: 165.75… -1.70

 

April Hogs: 100.62… +1.22

April Crude Oil: 112.12… +7.42

 

May Corn: 7.5625… +0.1450

May Wheat: 11.1925… +0.5550

 

Grain Cash Bids:

Omaha Corn: 7.33… +0.15

Kansas City Wheat: 10.38… +0.41

 

Financial Markets:

DJIA: 34,552.99… -196.57

S & P 500: 4,461.18… -0.90

NASDAQ: 13,838.46… -51.32

U.S. Dollar Index: 98.53… +0.30