Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in all regions, negotiated cash trading has been moderate with good demand. In the Texas Panhandle, compared to last week, live purchases traded 2.00-4.00 higher from 165.00-167.00. In Kansas, compared to last week, live purchases traded mostly 4.00 at 167.00. In Nebraska, compared to last week, live purchases traded 5.00-6.00 higher from 169-171.00 and dressed purchase traded 5.00 higher at 270.00, with a few up to 275.00. In the Western Cornbelt, compared to last week, live purchases traded mostly 4.00-5.00 higher at 170.00, with a few up to 172.00. Dressed purchases, compared to last week, traded mostly 5.00 higher at 270.00, with a few up to 276.00.

Negotiated Sales:

Confirmed:         50,336

Week Ago:            3,377

Year Ago:            28,118

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,300

Weighted avg. weight:         864.00

Weighted avg. net price:     265.62

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Cattle Slaughter under Federal Inspection

Thursday           126,000

Week Ago          124,000

Year Ago            120,000

Week to Date    505,000

Last Week          502,000

Last Year            490,000 

Wednesday

Steers & Heifers:  99,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 279.20… -1.09

Select:  268.46… -0.44

Choice/Select Spread: 10.74

Total Load Count: 104

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Cutter Cow Cutout:

213.41… -4.08

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CME Feeder Cattle Index for March 29th:

92.35… +1.08 / +0.56%

1 Year Change: +23.49%

52 Week Range: 152.31 to 192.35

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Futures Settlements…

Live Cattle:

April: 167.55… +1.73

June: 161.00… +1.35

August: 160.35… +0.90

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Feeder Cattle:

March: 192.40… +0.95

April: 199.90… +1.70

May: 204.45… +1.93

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April Lean Hogs: 76.45… -0.32

May Crude Oil: 74.37… +1.40

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May Corn: 6.4950… -0.0100

May Wheat: 6.9225… -0.1250

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Grain Cash Bids:

Omaha Corn: 6.75… -0.03

Kansas City Wheat: 8.18… -0.07

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Financial Markets:

DJIA: 32,859.56… +141.60

S & P 500: 4,050.85… +22.97

NASDAQ: 12,013.47… +87.23

U.S. Dollar Index: 102.15… -0.49