Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been 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:              236

Week Ago:            1,591

Year Ago:            15,710

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,200

Weighted avg. weight:         857.00

Weighted avg. net price:     266.46

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Cattle Slaughter under Federal Inspection

Tuesday              127,000

Week Ago            126,000

Year Ago             124,000

Week to Date     252,000

Last Week           250,000

Last Year             246,000 

Monday

Steers & Heifers:  99,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 287.93… -2.27

Select:  277.49… +1.02

Choice/Select Spread: 10.44

Total Load Count: 105

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Cutter Cow Cutout:

209.05… +1.55

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CME Feeder Cattle Index for March 6th:

188.04… +0.83 / +0.44%

1 Year Change: +22.02%

52 Week Range: 152.31 to 188.04

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Futures Settlements…

Live Cattle:

April: 165.97… -0.13

June: 160.55… -0.45

August: 160.10… -0.37

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Feeder Cattle:

March: 192.12… +0.05

April: 198.67… +0.07

May: 204.20… +0.95

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April Lean Hogs: 84.80… +1.33

April Crude Oil: 77.58… -2.88

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March Corn: 6.4200… -0.0250

March Wheat: 6.8475… +0.0225

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Grain Cash Bids:

Omaha Corn: 6.69… -0.03

Kansas City Wheat: 7.69… +0.01

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Financial Markets:

DJIA: 32,856.86… -574.19

S & P 500: 3,986.44… -61.95

NASDAQ: 11,530.33… -145.41

U.S. Dollar Index: 105.60… +1.25