Mar 17 2023

Texas Daily Ag Market News Summary Posted 1 years 38 days ago by Administrator Account

Daily Market Summary for March 17th

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 Friday, negotiated cash trade was mostly 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 on Wednesday 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:         3,320

Week Ago:        30,799

Year Ago:            8,994

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,700

Weighted avg. weight:         844.00

Weighted avg. net price:     264.98

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Cattle Slaughter under Federal Inspection

Friday                113,000

Week Ago          114,000

Year Ago            100,000

Week to Date    614,000

Last Week          616,000

Last Year            593,000 

Thursday

Steers & Heifers:    95,000

Cows & Bulls:          28,000

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Boxed Beef:

Cutout Values:

Choice: 283.35… -0.60

Select:  272.44… +0.68

Choice/Select Spread: 10.91

Total Load Count: 79

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Cutter Cow Cutout:

215.95… +5.15

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CME Feeder Cattle Index for March 16th:

187.87… -0.84 / -0.45%

1 Year Change: +21.32%

52 Week Range: 152.31 to 189.77

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Futures Settlements…

Live Cattle:

April: 162.32… -0.03

June: 156.40… -0.47

August: 156.40… -0.17

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Feeder Cattle:

March: 188.85… -0.65

April: 194.65… -0.50

May: 199.95… -0.32

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April Lean Hogs: 79.87… +0.42

April Crude Oil: 66.74… -1.61

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May Corn: 6.3450… +0.0175

May Wheat: 7.1050… +0.1150

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Grain Cash Bids:

Omaha Corn: 6.70… +0.02

Kansas City Wheat: 6.90… +0.10

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Financial Markets:

DJIA: 31,858.89… -388.72

S & P 500: 3,916.62… -43.71

NASDAQ: 11,630.51… -86.77

U.S. Dollar Index: 103.85… -0.56