Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. The latest established market was last week in all regions. In the Southern Plains and Nebraska live purchases traded at 164.00, and dressed purchases, in Nebraska, traded at 264.00. In the Western Cornbelt live and dressed purchases traded from 164.00-165.00 and at 264.00, respectively.

Negotiated Sales:

Confirmed:            140

Week Ago:             245

Year Ago:               207

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,200

Weighted avg. weight:         852.00

Weighted avg. net price:     265.79

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          125,000

Year Ago            117,000

Friday

Steers & Heifers:    86,000

Cows & Bulls:          27,000

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Boxed Beef:

Cutout Values:

Choice: 281.02… -2.33

Select:  273.94… +1.50

Choice/Select Spread: 7.08

Total Load Count: 107

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Cutter Cow Cutout:

211.26… -4.69

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CME Feeder Cattle Index for March 17th:

188.01… +0.14 / +0.07%

1 Year Change: +21.35%

52 Week Range: 152.31 to 189.77

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Futures Settlements…

Live Cattle:

April: 162.02… -0.30

June: 155.52… -0.88

August: 155.75… -0.62

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Feeder Cattle:

March: 188.20… -0.65

April: 194.62… -0.03

May: 199.15… -0.80

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April Lean Hogs: 77.77… -2.10

April Crude Oil: 67.64… +0.90

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May Corn: 6.3300… -0.0150

May Wheat: 7.0075… -0.0975

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Grain Cash Bids:

Omaha Corn: 6.68… -0.02

Kansas City Wheat: 6.75… -0.15

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Financial Markets:

DJIA: 32,244.64… +385.75

S & P 500: 3,951.55… +34.93

NASDAQ: 11,675.54… +45.03

U.S. Dollar Index: 103.32… -0.39