Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in Kansas, negotiated cash trade has been active on good demand. In the Texas Panhandle negotiated cash trade has been slow with moderate demand. Compared to last week, in the Southern Plains, live purchases traded 1.00 higher at 165.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow to moderate on moderate demand. In Nebraska, compared to last week, dressed purchases traded 3.00 higher at 265.00. A few live purchases traded at 165.00, however, not enough for a market trend. Last week live purchases traded at 164.00. In the Western Cornbelt live purchases traded 1.00 higher from 165.00-166.00 and dressed purchases traded 3.00 higher at 265.00, with both live and dressed compared to the last reported market on Thursday.

Negotiated Sales:

Confirmed:        42,142

Week Ago:         15,133

Year Ago:              2,736

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,600

Weighted avg. weight:         857.00

Weighted avg. net price:     263.99

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Cattle Slaughter under Federal Inspection

Friday                 117,000

Week Ago          122,000

Year Ago            121,000

Week to Date    618,000

Last Week          600,000

Last Year            623,000 

Thursday

Steers & Heifers: 96,000

Cows & Bulls:       29,000

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Boxed Beef:

Cutout Values:

Choice: 289.32… +0.82

Select:  276.86… -0.72

Choice/Select Spread: 12.46

Total Load Count: 77

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Cutter Cow Cutout:

208.68… +0.86

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CME Feeder Cattle Index for March 2nd:

185.43… +1.41 / +0.77%

1 Year Change: +18.72%

52 Week Range: 152.31 to 185.43

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Futures Settlements…

Live Cattle:

April: 165.42… +1.32

June: 160.67… +1.22

August: 159.90… +1.18

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Feeder Cattle:

March: 190.00… +1.43

April: 196.02… +2.17

May: 200.95… +2.13

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April Lean Hogs: 84.55… +0.70

April Crude Oil: 79.68… +1.52

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March Corn: 6.4525… +0.0750

March Wheat: 6.9575… -0.0550

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Grain Cash Bids:

Omaha Corn: 6.71… +0.08

Kansas City Wheat: 7.86… -0.04

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Financial Markets:

DJIA: 33,390.35… +385.23

S & P 500: 4,045.48… +63.94

NASDAQ: 11,689.01… +226.03

U.S. Dollar Index: 104.55… -0.48