Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all regions. In all regions the latest established market was last week. In the Southern Plains live purchases traded at 163.00. In Nebraska live and dressed purchases traded from 164.00-165.00 and dressed at 265.00, respectively. In the Western Cornbelt live and dressed purchases traded from 165.00-166.00 and at 265.00, respectively.

Negotiated Sales:

Confirmed:               38

Week Ago:            None

Year Ago:              None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   44,700

Weighted avg. weight:        853.00

Weighted avg. net price:     262.71

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          125,000

Year Ago            120,000

Friday

Steers & Heifers: 82,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 280.36… +0.48

Select:  269.72… +0.97

Choice/Select Spread: 10.64

Total Load Count: 71

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Cutter Cow Cutout:

214.37… -1.13

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CME Feeder Cattle Index for March 24th:

191.24… +2.39 / +1.27%

1 Year Change: +23.29%

52 Week Range: 152.31 to 191.24

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Futures Settlements…

Live Cattle:

April: 164.90… +1.90

June: 158.87… +2.27

August: 158.60… +2.18

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Feeder Cattle:

March: 192.35… +2.70

April: 197.62… +2.82

May: 201.37… +3.82

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April Lean Hogs: 78.62… +1.45

May Crude Oil: 72.81… +3.55

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May Corn: 6.4825… +0.0525

May Wheat: 6.9800… +0.0950

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Grain Cash Bids:

Omaha Corn: 6.78… +0.06

Kansas City Wheat: 8.08… +0.14

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Financial Markets:

DJIA: 32,432.61… -194.46

S & P 500: 3,977.75… +6.57

NASDAQ: 11,768.84… -55.12

U.S. Dollar Index: 102.89… -0.23