Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday, negotiated cash trade was mostly inactive on light demand in all feeding regions. Not enough purchases in any region for an adequate market test. The latest established market in any regions was on Wednesday with live purchases in the Southern Plains at 163.00. In Nebraska on Wednesday, live purchases traded from 164.00-165.00 with dressed purchases at 265.00. In the Western Cornbelt on Wednesday live purchases traded from 164.00-166.00, mostly at 165.00 with dressed purchases from 264.00-265.00, mostly at 265.00.

Negotiated Sales:

Confirmed:            3,377

Week Ago:             4,118

Year Ago:               8,990

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,500

Weighted avg. weight:         868.00

Weighted avg. net price:     266.17

-

Cattle Slaughter under Federal Inspection

Thursday           124,000

Week Ago          123,000

Year Ago            122,000

Week to Date    502,000

Last Week          501,000

Last Year            485,000 

Wednesday

Steers & Heifers: 97,000

Cows & Bulls:       29,000

-

Boxed Beef:

Cutout Values:

Choice: 282.78… +1.48

Select:  268.89… -0.93

Choice/Select Spread: 13.89

Total Load Count: 119

-

Cutter Cow Cutout:

215.45… +2.07

-

CME Feeder Cattle Index for March 22nd:

187.78… +0.09 / +0.05%

1 Year Change: +21.39%

52 Week Range: 152.31 to 189.77

-

Futures Settlements…

Live Cattle:

April: 162.15… -0.15

June: 155.80… -0.10

August: 155.70… -0.27

-

Feeder Cattle:

March: 189.02… +0.77

April: 195.00… +0.63

May: 198.60… -0.17

-

April Lean Hogs: 75.75… -0.32

May Crude Oil: 69.96… -0.94

-

May Corn: 6.3175… -0.0175

May Wheat: 6.6200… -0.0150

-

Grain Cash Bids:

Omaha Corn: 6.67… -0.01

Kansas City Wheat: 7.62… +0.03

-

Financial Markets:

DJIA: 32,103.77… +74.87

S & P 500: 3,948.30… +11.48

NASDAQ: 11,787.40… +117.44

U.S. Dollar Index: 102.52… +0.17