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Mar
24
2022

Texas Daily Ag Market News Summary

Posted 247 days ago ago by Administrator Account

Daily Market Summary for March 24th

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 Thursday, negotiated cash trading has been limited on light demand in all major feeding regions. Not enough purchases for a market trend. Wednesday was the last reported market in any region. In the Southern Plains live purchases traded at 138.00. In Nebraska live and dressed purchases traded at 138.00 and 221.00, respectively. In the Western Cornbelt live and dressed purchases traded from 139.00-142.00 and at 221.00, respectively.

Negotiated Sales:

Confirmed:      8,920

Week Ago:     35,154

Year Ago:       19,265

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,900

Weighted avg. weight:        882.00

Weighted avg. net price:     222.91

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     122,000

Week ago (est)                     125,000

Year ago (act)                       121,000

Week to Date                       488,000

Same Period Last Week     500,000

Same Period Last Year       477,000

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:        30,000

 

Boxed Beef:

Cutout Values:

Choice: 262.41… +0.81

Select:  252.59… -0.65

Choice/Select Spread: 9.82

Total Load Count: 129

 

Cutter Cow Cutout:

228.95… -2.16

 

CME Feeder Cattle Index for March 23rd:

154.69… -0.28 / -0.18%

1 Year Change: +14.06%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 139.67… +0.25

June: 136.95… +0.98

August: 137.70… +0.55

 

Feeder Cattle:

March: 156.77… +0.67

April: 162.72… +0.95

May: 166.50… +0.70

 

April Hogs: 102.77… +0.22

May Crude Oil: 112.34… -2.59

 

May Corn: 7.4825… -0.0950

May Wheat: 10.8575… -0.2000

 

Grain Cash Bids:

Omaha Corn: 7.34… -0.06

Kansas City Wheat: 10.25… -0.16

 

Financial Markets:

DJIA: 34,707.12… +349.50

S & P 500: 4,520.35… +63.71

NASDAQ: 14,192.45… +266.88

U.S. Dollar Index: 98.76… +0.14