Mar 09 2023

Texas Daily Ag Market News Summary Posted 1 years 42 days ago by Administrator Account

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 Thursday in the Texas Panhandle, negotiated cash trade has been slow with light demand. Compared to last week live purchases traded steady at 165.00. In Kansas, Nebraska and Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Not enough purchases in these regions 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:           6,694

Week Ago:            3,683

Year Ago:              6,454

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,700

Weighted avg. weight:         869.00

Weighted avg. net price:     268.34

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Cattle Slaughter under Federal Inspection

Thursday            124,000

Week Ago           125,000

Year Ago             123,000

Week to Date     502,000

Last Week           501,000

Last Year             494,000 

Wednesday

Steers & Heifers:  98,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 284.60… -0.18

Select:  276.05… -2.07

Choice/Select Spread: 8.55

Total Load Count: 87

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Cutter Cow Cutout:

209.11… -0.30

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CME Feeder Cattle Index for March 8th:

188.72… +0.39 / +0.21%

1 Year Change: +23.30%

52 Week Range: 152.31 to 188.72

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Futures Settlements…

Live Cattle:

April: 164.80… -0.65

June: 159.67… -0.98

August: 159.35… -0.82

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Feeder Cattle:

March: 193.07… -0.68

April: 199.15… -0.92

May: 205.47… -0.68

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April Lean Hogs: 85.07… -0.68

April Crude Oil: 75.72… -0.94

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May Corn: 6.1150… -0.1400

May Wheat: 6.6575… -0.2175

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Grain Cash Bids:

Omaha Corn: 6.47… -0.13

Kansas City Wheat: 7.37… -0.23

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Financial Markets:

DJIA: 32,256.05… -542.48

S & P 500: 3,918.43… -73.65

NASDAQ: 11,338.35… -237.65

U.S. Dollar Index: 105.30… -0.34