Mar 16 2023

Texas Daily Ag Market News Summary Posted 1 years 49 days ago by Administrator Account

Daily Market Summary for March 16th

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, negotiated cash trade was limited on light demand in all feeding regions. Not enough purchases in any feeding region for an adequate market test. The latest established market in the Southern Plains was on Wednesday, with live purchases mostly at 164.00. On Wednesday in Nebraska, live purchases traded at 164.00 with dressed purchases at 264.00. In the Western Cornbelt live purchases traded from 163.00-165.00, mostly from 164.00-164.50 with dressed purchases from 263.00-264.00 mostly at 264.00

Negotiated Sales:

Confirmed:         4,118

Week Ago:          6,694

Year Ago:          35,154

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,900

Weighted avg. weight:         873.00

Weighted avg. net price:     267.93

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Cattle Slaughter under Federal Inspection

Thursday          123,000

Week Ago          124,000

Year Ago            123,000

Week to Date    501,000

Last Week          502,000

Last Year           493,000 

Wednesday

Steers & Heifers:    98,000

Cows & Bulls:          28,000

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Boxed Beef:

Cutout Values:

Choice: 283.95… -0.32

Select:  271.76… -0.87

Choice/Select Spread: 12.19

Total Load Count: 138

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Cutter Cow Cutout:

210.80… -0.99

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CME Feeder Cattle Index for March 15th:

188.71… -0.68 / -0.36%

1 Year Change: +22.36%

52 Week Range: 152.31 to 189.77

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Futures Settlements…

Live Cattle:

April: 162.35… +0.80

June: 156.87… +0.30

August: 156.57… +0.22

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Feeder Cattle:

March: 189.50… +1.30

April: 193.15… +1.90

May: 200.27… +1.47

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April Lean Hogs: 79.45… -4.30

April Crude Oil: 68.35… +0.74

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May Corn: 6.3275… +0.0625

May Wheat: 6.9900… -0.0375

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Grain Cash Bids:

Omaha Corn: 6.92… +0.07

Kansas City Wheat: 7.80… Unchanged

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Financial Markets:

DJIA: 32,247.61… +371.39

S & P 500: 3,960.33… +67.96

NASDAQ: 11,717.28… +283.23

U.S. Dollar Index: 104.41… -0.24