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weekly-market-recap2

Mar
28
2022

Texas Daily Ag Market News Summary

Posted 243 days ago ago by Administrator Account

Daily Market Summary for March 28th

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 at a standstill in all regions. Last week in the Southern Plains and Nebraska live purchases traded at 138.00, and dressed purchases, in Nebraska, traded at 221.00. For the prior week in the Western Cornbelt live and dressed purchases ranged from 138.00-142.00 and 221.00-225.00, respectively.

Negotiated Sales:

Confirmed:       None

Week Ago:           207

Year Ago:               39

Formula Net - Dressed Steers & Heifers:

Head count priced today:   52,400

Weighted avg. weight:        859.00

Weighted avg. net price:     220.36

 

Cattle Slaughter under Federal Inspection

Monday (est)                        124,000

Week ago (est)                     119,000

Year ago (act)                       117,000

Monday

Steers & Heifers:  86,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 263.87… +1.23

Select:  256.32… +4.18

Choice/Select Spread: 7.55

Total Load Count: 71

 

Cutter Cow Cutout:

229.09… +0.44

 

CME Feeder Cattle Index for March 25th:

155.11… +0.29 / +0.19%

1 Year Change: +11.71%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.30… -0.17

June: 136.77… -0.60

August: 137.30… -0.82

 

Feeder Cattle:

March: 156.10… -0.32

April: 160.82… -0.75

May: 165.07… -0.25

 

April Hogs: 107.57… +0.10

May Crude Oil: 105.96… -7.94

 

May Corn: 7.4820… -0.0580

May Wheat: 10.5700… -0.4525

 

Grain Cash Bids:

Omaha Corn: 7.36… -0.04

Kansas City Wheat: 10.05… -0.37

 

Financial Markets:

DJIA: 34,930.23… +68.53

S & P 500: 4,572.63… +29.53

NASDAQ: 14,436.81… +191.10

U.S. Dollar Index: 99.21… +0.42