Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday, negotiated cash trade has been mostly inactive on light demand in all feeding regions. Not enough purchases in any feeing region for an adequate market test in any feeding region. The latest established market in the Southern Plains was last week with live purchases at 164.00. Last week in Nebraska live and dressed purchases traded at 164.00 and 264.00 respectively. For the prior week in the Western Cornbelt live purchases traded mostly from 164.00- 165.00 with dressed purchases mostly at 264.00.

Negotiated Sales:

Confirmed:            140

Week Ago:             642

Year Ago:               223

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,100

Weighted avg. weight:         861.00

Weighted avg. net price:     265.41

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Cattle Slaughter under Federal Inspection

Tuesday            127,000

Week Ago          127,000

Year Ago            123,000

Week to Date    252,000

Last Week          252,000

Last Year           240,000 

Monday

Steers & Heifers: 98,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 279.92… -1.10

Select:  271.55… -2.39

Choice/Select Spread: 8.30

Total Load Count: 130

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Cutter Cow Cutout:

213.80… +2.54

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CME Feeder Cattle Index for March 20th:

187.78… -0.23 / -0.12%

1 Year Change: +21.05%

52 Week Range: 152.31 to 189.77

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Futures Settlements…

Live Cattle:

April: 162.42… +0.40

June: 156.15… +0.63

August: 156.05… +0.30

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Feeder Cattle:

March: 188.77… +0.57

April: 194.70… +0.08

May: 199.55… +0.40

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April Lean Hogs: 77.05… -0.72

April Crude Oil: 69.33… +1.69

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May Corn: 6.3000… -0.0300

May Wheat: 6.8325… -0.1750

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Grain Cash Bids:

Omaha Corn: 6.65… -0.03

Kansas City Wheat: 6.67… -0.08

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Financial Markets:

DJIA: 32,561.82… +317.18

S & P 500: 4,003.16… +51.61

NASDAQ: 11,860.11… +184.57

U.S. Dollar Index: 103.24… -0.04