Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday, 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. 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:              628

Week Ago:         38,504

Year Ago:            29,734

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,200

Weighted avg. weight:         850.00

Weighted avg. net price:     266.07

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Cattle Slaughter under Federal Inspection

Wednesday      127,000

Week Ago          126,000

Year Ago            125,000

Week to Date    379,000

Last Week          378,000

Last Year            370,000 

Tuesday

Steers & Heifers: 100,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 280.29… -0.34

Select:  268.90… -1.46

Choice/Select Spread: 11.39

Total Load Count: 114

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Cutter Cow Cutout:

217.49… +0.97

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CME Feeder Cattle Index for March 28th:

191.27… -0.07 / -0.04%

1 Year Change: +23.07%

52 Week Range: 152.31 to 191.34

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Futures Settlements…

Live Cattle:

April: 165.82… +0.87

June: 159.65… +0.75

August: 159.45… +0.73

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Feeder Cattle:

March: 191.45… -0.27

April: 198.20… +0.98

May: 202.52… +1.72

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April Lean Hogs: 76.77… -0.98

May Crude Oil: 72.97… -0.23

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May Corn: 6.5050… +0.0325

May Wheat: 7.0475… +0.0500

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Grain Cash Bids:

Omaha Corn: 6.78… +0.01

Kansas City Wheat: 8.25… +0.06

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Financial Markets:

DJIA: 32,717.96… +323.31

S & P 500: 4,027.88… +56.58

NASDAQ: 11,926.24… +210.16

U.S. Dollar Index: 102.68… +0.25