Mar 22 2022

Texas Daily Ag Market News Summary Posted 3 years 112 days ago by Administrator Account

Daily Market Summary for March 22^nd

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 Tuesday, 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:    223

Week Ago:     337

Year Ago:        185

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,100

Weighted avg. weight:        863.00

Weighted avg. net price:     222.98

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       123,000

Week ago (est)                    125,000

Year ago (act)                       118,000

Week to Date                       242,000

Same Period Last Week     250,000

Same Period Last Year       234,000

Monday

Steers & Heifers:  92,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 259.97… +1.47

Select:  251.89… -0.61

Choice/Select Spread: 8.08

Total Load Count: 125

 

Cutter Cow Cutout:

227.96... -2.96

 

CME Feeder Cattle Index for March 21^st:

155.13… +0.20 / +0.13%

1 Year Change: +15.22%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 139.42… -0.63

June: 135.70… -0.65

August: 136.92… -0.35

 

Feeder Cattle:

March: 156.32… +0.22

April: 160.57… -0.63

May: 165.42… -0.33

 

April Hogs: 100.25… -0.37

April Crude Oil: 111.76… -0.36

 

May Corn: 7.5300… -0.0325

May Wheat: 11.1825… -0.0100

 

Grain Cash Bids:

Omaha Corn: 7.35… +0.02

Kansas City Wheat: 10.45… +0.07

 

Financial Markets:

DJIA: 34,807.86... +254.87

S & P 500: 4,512.19... +51.01

NASDAQ: 14,104.45... +265.99

U.S. Dollar Index: 98.45... +0.05