Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday, 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:           143

Week Ago:            140

Year Ago:              190

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,100

Weighted avg. weight:         859.00

Weighted avg. net price:     267.85

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Cattle Slaughter under Federal Inspection

Tuesday             127,000

Week Ago          127,000

Year Ago            125,000

Week to Date    252,000

Last Week          252,000

Last Year            245,000 

Monday

Steers & Heifers: 99,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 280.63… +0.27

Select:  270.36… +0.64

Choice/Select Spread: 10.27

Total Load Count: 103

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Cutter Cow Cutout:

216.52… +2.15

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CME Feeder Cattle Index for March 27th:

191.34… +0.10 / +0.05%

1 Year Change: +23.21%

52 Week Range: 152.31 to 191.34

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Futures Settlements…

Live Cattle:

April: 164.95… +0.05

June: 158.90… +0.03

August: 158.72… +0.12

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Feeder Cattle:

March: 191.72… -0.63

April: 197.22… -0.40

May: 200.80… -0.57

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April Lean Hogs: 77.75… -0.87

May Crude Oil: 73.20… +0.39

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May Corn: 6.4725… -0.0100

May Wheat: 6.9975… +0.0175

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Grain Cash Bids:

Omaha Corn: 6.77… -0.01

Kansas City Wheat: 8.19… +0.11

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Financial Markets:

DJIA: 32,394.65… -37.96

S & P 500: 3,971.30… -6.45

NASDAQ: 11,716.08… -52.76

U.S. Dollar Index: 102.39… -0.47