Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday, negotiated cash trade was limited on moderate demand in the Southern Plains. Compared to Tuesday live purchases traded mostly steady with live purchases from 163.00-164.00, mostly at 164.00. In Nebraska trade and demand were moderate. Compared to last week in Nebraska live and dressed purchases traded 1.00 lower at 164.00 and 264.00 respectively. In the Western Cornbelt trade was light on moderate demand. A few live purchases were reported from 164.00-164.50 and dressed purchases from 263.00-264.00, however not enough for an adequate market test. The latest established market in the Western Cornbelt was last week with live purchases from 164.00-167.00 with dressed purchases at 265.00.

Negotiated Sales:

Confirmed:       29,744

Week Ago:             388

Year Ago:            3,220

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,000

Weighted avg. weight:       849.00

Weighted avg. net price:    266.90

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Cattle Slaughter under Federal Inspection

Wednesday      126,000

Week Ago          126,000

Year Ago            123,000

Week to Date    378,000

Last Week         378,000

Last Year           370,000 

Tuesday

Steers & Heifers:    98,000

Cows & Bulls:          29,000

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Boxed Beef:

Cutout Values:

Choice: 284.27… -1.64

Select:  272.63… -1.93

Choice/Select Spread: 11.64

Total Load Count: 111

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Cutter Cow Cutout:

211.79… +0.79

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CME Feeder Cattle Index for March 14th:

189.39… -0.12 / -0.06%

1 Year Change: +23.67%

52 Week Range: 152.31 to 189.77

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Futures Settlements…

Live Cattle:

April: 161.55… -1.50

June: 156.57… -1.18

August: 156.35… -1.22

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Feeder Cattle:

March: 188.20… -1.72

April: 193.25… -2.50

May: 198.80… -2.50

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April Lean Hogs: 83.75… -1.65

April Crude Oil: 67.61… -3.72

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May Corn: 6.2650… +0.0575

May Wheat: 7.0275… +0.0650

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Grain Cash Bids:

Omaha Corn: 6.85… +0.11

Kansas City Wheat: 7.80… +0.05

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Financial Markets:

DJIA: 31,876.22… -277.67

S & P 500: 3,892.37… -27.93

NASDAQ: 11,434.05… +5.90

U.S. Dollar Index: 104.74… +1.15