Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trading was at a standstill. In the Western Cornbelt negotiated cash trading was mostly inactive with very light demand. Not enough purchases for a market trend. The latest established market was last week in these regions. Live purchases traded at 165.00. In Nebraska dressed purchases traded at 265.00. In the Western Cornbelt dressed purchases traded from 262.00-265.00.

Negotiated Sales:

Confirmed:              186

Week Ago:            1,034

Year Ago:                  743

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,500

Weighted avg. weight:         852.00

Weighted avg. net price:     263.30

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          124,000

Year Ago            122,000

Friday

Steers & Heifers: 91,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 290.20… +0.88

Select:  276.47… -0.39

Choice/Select Spread: 13.73

Total Load Count: 94

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Cutter Cow Cutout:

207.50… -1.18

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CME Feeder Cattle Index for March 3rd:

187.21… +1.78 / +0.96%

1 Year Change: +20.49%

52 Week Range: 152.31 to 187.21

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Futures Settlements…

Live Cattle:

April: 166.10… +0.68

June: 161.00… +0.33

August: 160.47… +0.57

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Feeder Cattle:

March: 192.07… +2.07

April: 198.60… +2.58

May: 203.25… +2.30

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April Lean Hogs: 83.47… -1.08

April Crude Oil: 80.46… +0.78

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March Corn: 6.4450… -0.0075

March Wheat: 6.8250… -0.1325

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Grain Cash Bids:

Omaha Corn: 6.72… +0.01

Kansas City Wheat: 7.68… -0.18

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Financial Markets:

DJIA: 33,431.05… +40.70

S & P 500: 4,048.39… +2.91

NASDAQ: 11,675.74… -13.27

U.S. Dollar Index: 104.33… -0.19