Mar 29 2022

Texas Daily Ag Market News Summary Posted 3 years 24 days ago by Administrator Account

Daily Market Summary for March 29^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. 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:          190

Week Ago:           223

Year Ago:          1,028

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,900

Weighted avg. weight:        860.00

Weighted avg. net price:     224.40

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       125,000

Week ago (est)                     123,000

Year ago (act)                       119,000

Week to Date                       244,000

Same Period Last Week     242,000

Same Period Last Year       236,000

Monday

Steers & Heifers:  91,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 264.50… +0.63

Select:  254.84… -1.48

Choice/Select Spread: 9.66

Total Load Count: 87

 

Cutter Cow Cutout:

228.70… -0.39

 

CME Feeder Cattle Index for March 28^th:

155.29… +0.18 / +0.12%

1 Year Change: +11.12%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.90… +0.60

June: 138.47… +1.70

August: 138.52… +1.22

 

Feeder Cattle:

March: 156.70… +0.60

April: 164.35… +3.53

May: 169.40… +4.33

 

April Hogs: 106.05… -1.52

May Crude Oil: 104.24… -1.72

 

May Corn: 7.2625… -0.2195

May Wheat: 10.1425… -0.4275

 

Grain Cash Bids:

Omaha Corn: 7.14… -0.22

Kansas City Wheat: 9.59… -0.46

 

Financial Markets:

DJIA: 35,295.11… +364.88

S & P 500: 4,631.68… +59.05

NASDAQ: 14,613.35… +266.54

U.S. Dollar Index: 98.42… -0.67