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Mar
23
2022

Texas Daily Ag Market News Summary

Posted 312 days ago ago by Administrator Account

Daily Market Summary for March 23rd

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 slow on light demand in the Southern Plains with live purchases steady compared to the last reported market on Tuesday at 138.00. Negotiated cash trading in Nebraska has been moderate on good demand with live purchases steady with the last reported market on Tuesday at 138.00 and dressed purchases steady with last week at 221.00. Negotiated cash trading has been limited on light demand in the Western Cornbelt with a few dressed purchases at 221.00, however not enough for a market trend. Last week in the Western Cornbelt live and dressed purchases traded from 140.00-142.00 and at 222.00, respectively.

Negotiated Sales:

Confirmed:    41,884

Week Ago:       3,220

Year Ago:       32,705

Formula Net - Dressed Steers & Heifers:

Head count priced today:   11,700

Weighted avg. weight:        890.00

Weighted avg. net price:     222.94

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                124,000

Week ago (est)                    125,000

Year ago (act)                      122,000

Week to Date                       366,000

Same Period Last Week     375,000

Same Period Last Year       356,000

Tuesday

Steers & Heifers:  94,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 261.61… +1.64

Select:  253.26… +1.37

Choice/Select Spread: 8.35

Total Load Count: 112

 

Cutter Cow Cutout:

231.11… +3.15

 

CME Feeder Cattle Index for March 22nd:

154.97… -0.16 / -0.10%

1 Year Change: +14.91%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 139.42… Unchanged

June: 135.97… +0.27

August: 137.15… +0.23

 

Feeder Cattle:

March: 156.10… -0.22

April: 161.77… +1.20

May: 165.80… +0.38

 

April Hogs: 102.55… +2.30

May Crude Oil: 114.93… +5.66

 

May Corn: 7.5775… +0.0475

May Wheat: 11.0575… -0.1250

 

Grain Cash Bids:

Omaha Corn: 7.40… +0.05

Kansas City Wheat: 10.41… -0.04

 

Financial Markets:

DJIA: 34,357.62… -450.24

S & P 500: 4,456.64… +55.55

NASDAQ: 13,925.57… -178.88

U.S. Dollar Index: 98.64… +0.15