Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in the Texas Panhandle, negotiated cash trading has been at a standstill. In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend in any region. The latest established market was last week in these regions. In the Southern Plains and Nebraska live purchases traded at 165.00, and dressed purchases, in Nebraska, traded at 265.00 In the Western Cornbelt live and dressed purchases traded from 164.00-167.00 and at 265.00, respectively.

Negotiated Sales:

Confirmed:         245

Week Ago:          186

Year Ago:            133

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,700

Weighted avg. weight:         851.00

Weighted avg. net price:     264.76

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Cattle Slaughter under Federal Inspection

Monday              125,000

Week Ago           125,000

Year Ago             123,000

Friday

Steers & Heifers:  88,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 284.86… -0.05

Select:  273.62… +2.08

Choice/Select Spread: 11.24

Total Load Count: 83

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Cutter Cow Cutout:

209.36… +0.16

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CME Feeder Cattle Index for March 10th:

189.77… +0.94 / +0.50%

1 Year Change: +24.59%

52 Week Range: 152.31 to 189.77

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Futures Settlements…

Live Cattle:

April: 163.55… -0.72

June: 158.20… -0.45

August: 158.12… -0.33

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Feeder Cattle:

March: 190.82… -0.65

April: 197.07… -0.58

May: 202.40… -1.17

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April Lean Hogs: 86.22… -1.23

April Crude Oil: 74.80… -1.88

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May Corn: 6.1350… -0.0375

May Wheat: 6.8450… +0.0525

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Grain Cash Bids:

Omaha Corn: 6.48… -0.04

Kansas City Wheat: 7.61… +0.12

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Financial Markets:

DJIA: 31,819.05… -90.91

S & P 500: 3,855.74… -5.99

NASDAQ: 11,188.84… +49.95

U.S. Dollar Index: 103.65… -0.96