Mar 08 2023

Texas Daily Ag Market News Summary Posted 1 years 264 days ago by Administrator Account

Daily Market Summary for March 8th

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Fed Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle and Nebraska, negotiated cash trading has been at a standstill. In Kansas and 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:              388

Week Ago:            1,129

Year Ago:            26,951

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,600

Weighted avg. weight:         849.00

Weighted avg. net price:     263.66

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago           126,000

Year Ago             125,000

Week to Date     378,000

Last Week           376,000

Last Year             371,000 

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 284.78… -3.15

Select:  278.12… +0.63

Choice/Select Spread: 6.66

Total Load Count: 165

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Cutter Cow Cutout:

209.40… +0.35

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CME Feeder Cattle Index for March 7th:

188.33… +0.29 / +0.15%

1 Year Change: +22.38%

52 Week Range: 152.31 to 188.33

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Futures Settlements…

Live Cattle:

April: 165.45… -0.52

June: 160.65… +0.10

August: 160.17… +0.07

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Feeder Cattle:

March: 193.75… +1.63

April: 200.07… +1.40

May: 206.15… +1.95

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April Lean Hogs: 85.75… +0.95

April Crude Oil: 76.66… -0.92

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March Corn: 6.3450… -0.0750

March Wheat: 6.7450… -0.1025

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Grain Cash Bids:

Omaha Corn: 6.60… -0.09

Kansas City Wheat: 7.60… -0.09

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Financial Markets:

DJIA: 32,798.53… -58.33

S & P 500: 3,992.08… +5.64

NASDAQ: 11,576.00… +45.67

U.S. Dollar Index: 105.64… +0.02