Mar 31 2023

Texas Daily Ag Market News Summary Posted 1 years 92 days ago by Administrator Account

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

 

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Fed Cattle:

As of 3:00 PM Friday, negotiated cash trading in Kansas has been at a standstill. In the Texas Panhandle and Nebraska negotiated cash trading has been mostly inactive on light demand. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in any region for full market trend. Thursday was the last reported market in all regions. In the Texas Panhandle live purchases traded from 165.00-167.00. In Kansas live purchases traded at 167.00. In Nebraska live and dressed purchases traded from 168.00-172.00 and from 270.00-272.00, respectively. In the Western Cornbelt live and dressed purchases traded at 170.00 and from 270.00- 272.00, respectively.

Negotiated Sales:

Confirmed:        3,824

Week Ago:         2,966

Year Ago:           3,286

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,600

Weighted avg. weight:         838.00

Weighted avg. net price:     263.76

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Cattle Slaughter under Federal Inspection

Friday                120,000

Week Ago          108,000

Year Ago            109,000

Week to Date    625,000

Last Week          610,000

Last Year            599,000 

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 282.07… +2.87

Select:  270.72… +2.26

Choice/Select Spread: 11.35

Total Load Count: 90

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Cutter Cow Cutout:

215.34… +1.93

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CME Feeder Cattle Index for March 30th:

193.34… +0.99 / +0.51%

1 Year Change: +23.90%

52 Week Range: 152.31 to 193.34

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Futures Settlements…

Live Cattle:

April: 168.35… +0.80

June: 162.12… +1.12

August: 161.42… +1.07

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Feeder Cattle:

April: 200.82… +0.92

May: 205.25… +0.80

August: 221.97… +1.27

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April Lean Hogs: 75.25… -1.20

May Crude Oil: 75.67… +1.30

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May Corn: 6.6050… +0.1100

May Wheat: 6.9225… Unchanged

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Grain Cash Bids:

Omaha Corn: 6.90… +0.15

Kansas City Wheat: 8.22… +0.04

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Financial Markets:

DJIA: 33,273.10… +413.54

S & P 500: 4,108.93… +58.08

NASDAQ: 12,221.91… +208.44

U.S. Dollar Index: 102.57… +0.42