Mar 25 2022

Texas Daily Ag Market News Summary Posted 2 years 248 days ago by Administrator Account

Daily Market Summary for March 25^th

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Slaughter Cattle:

As of 3:00 PM Friday, 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:      2,371

Week Ago:       8,994

Year Ago:          5,041

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,000

Weighted avg. weight:        862.00

Weighted avg. net price:     222.19

 

Cattle Slaughter under Federal Inspection

Friday (est)                           114,000

Week ago (est)                     100,000

Year ago (act)                       114,000

Week to Date                       602,000

Same Period Last Week     600,000

Same Period Last Year       591,000

Thursday

Steers & Heifers:  94,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 262.64… +0.23

Select:  252.14… -0.45

Choice/Select Spread: 10.50

Total Load Count: 76

 

Cutter Cow Cutout:

228.65… -0.30

 

CME Feeder Cattle Index for March 24^th:

154.82… +0.13 / +0.08%

1 Year Change: +13.21%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.47… +0.80

June: 137.37… +0.42

August: 138.12… +0.42

 

Feeder Cattle:

March: 156.42… -0.35

April: 161.57… -1.15

May: 165.32… -1.18

 

April Hogs: 107.47… +4.70

May Crude Oil: 113.90… +1.56

 

May Corn: 7.5400… +0.0575

May Wheat: 11.0225… +0.1650

 

Grain Cash Bids:

Omaha Corn: 7.40… +0.06

Kansas City Wheat: 10.42… +0.17

 

Financial Markets:

DJIA: 34,861.70… +154.58

S & P 500: 4,543.10… +22.75

NASDAQ: 14,155.71… -36.74

U.S. Dollar Index: 98.77… -0.02