Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Western Cornbelt, negotiated cash trading has been at a standstill. In Nebraska negotiated cash trading has been mostly inactive on 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:         642

Week Ago:          236

Year Ago:            337

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,000

Weighted avg. weight:         873.00

Weighted avg. net price:     265.80

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Cattle Slaughter under Federal Inspection

Tuesday             127,000

Week Ago          127,000

Year Ago            124,000

Week to Date    252,000

Last Week          252,000

Last Year            247,000 

Monday

Steers & Heifers:  100,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 285.91… +1.05

Select:  274.56… +0.94

Choice/Select Spread: 11.35

Total Load Count: 91

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Cutter Cow Cutout:

210.82… +1.46

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CME Feeder Cattle Index for March 13th:

189.51… -0.26 / -0.14%

1 Year Change: +24.02%

52 Week Range: 152.31 to 189.77

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Futures Settlements…

Live Cattle:

April: 163.05… -0.50

June: 157.75… -0.45

August: 157.57… -0.55

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Feeder Cattle:

March: 189.92… -0.90

April: 195.75… -1.32

May: 201.30… -1.10

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April Lean Hogs: 85.40… -0.82

April Crude Oil: 71.33… -3.47

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May Corn: 6.2075… +0.0725

May Wheat: 6.9625… +0.1175

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Grain Cash Bids:

Omaha Corn: 6.58… +0.10

Kansas City Wheat: 7.78… +0.09

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Financial Markets:

DJIA: 31,153.89... +334.84

S & P 500: 3,920.30... +64.56

NASDAQ: 11,428.15... +239.31

U.S. Dollar Index: 103.59... -0.01