Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been slow on moderate demand. In Kansas and Nebraska, compared to last week, the bulk of live purchases traded steady at 165.00. In Nebraska not enough dressed purchases for a market trend. The last reported dressed market was on Thursday from 265.00-268.50. In the Western Cornbelt, compared to last week, the bulk of live purchases traded steady to 1.00 higher from 165.00-166.00 and dressed purchases traded steady at 265.00. In the Texas Panhandle negotiated cash trading has been very limited on light demand. Not enough purchases for a full market trend. The last reported live purchase market was on Thursday at 165.00.

Negotiated Sales:

Confirmed:         30,799

Week Ago:          42,142

Year Ago:              1,247

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,400

Weighted avg. weight:         852.00

Weighted avg. net price:     263.90

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Cattle Slaughter under Federal Inspection

Friday                 114,000

Week Ago           117,000

Year Ago             110,000

Week to Date     616,000

Last Week           618,000

Last Year             604,000 

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        29,000

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Boxed Beef:

Cutout Values:

Choice: 284.91… +0.31

Select:  271.54… -4.51

Choice/Select Spread: 13.77

Total Load Count: 96

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Cutter Cow Cutout:

209.20… +0.09

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CME Feeder Cattle Index for March 9th:

188.33… +0.11 / +0.06%

1 Year Change: +23.77%

52 Week Range: 152.31 to 188.83

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Futures Settlements…

Live Cattle:

April: 164.27… -0.53

June: 158.65… -1.02

August: 158.45… -0.90

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Feeder Cattle:

March: 191.47… -1.60

April: 197.65… -1.50

May: 203.57… -1.90

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April Lean Hogs: 87.45… +2.38

April Crude Oil: 76.68… +0.96

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May Corn: 6.1725… +0.0575

May Wheat: 6.7925… +0.1350

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Grain Cash Bids:

Omaha Corn: 6.52… +0.05

Kansas City Wheat: 7.49… +0.12

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Financial Markets:

DJIA: 31,909.96… -346.09

S & P 500: 3,861.73… -56.70

NASDAQ: 11,138.89… -199.46

U.S. Dollar Index: 104.61… -0.70