Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. The latest established market was last week 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:        136

Week Ago:           38

Year Ago:        9,667

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,700

Weighted avg. weight:         865.00

Weighted avg. net price:     262.40

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Cattle Slaughter under Federal Inspection

Monday             124,000

Week Ago          125,000

Year Ago            121,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 285.09… +3.02

Select:  274.18… +3.46

Choice/Select Spread: 10.91

Total Load Count: 75

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Cutter Cow Cutout:

216.10… +0.76

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CME Feeder Cattle Index for March 31st:

191.68… -1.66 / -0.86%

1 Year Change: +22.75%

52 Week Range: 152.31 to 193.34

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Futures Settlements…

Live Cattle:

April: 168.12… -0.23

June: 161.22… -0.90

August: 160.75… -067

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Feeder Cattle:

April: 198.95… -1.87

May: 203.15… -2.10

August: 220.70… -1.27

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May Lean Hogs: 84.37… -0.25

May Crude Oil: 80.42… +4.75

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May Corn: 6.5775… -0.0275

May Wheat: 6.9350… -0.0125

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Grain Cash Bids:

Omaha Corn: 6.93… +0.03

Kansas City Wheat: 8.21… -0.01

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Financial Markets:

DJIA: 33,600.92… +327.82

S & P 500: 4,124.41… +15.48

NASDAQ: 12,189.45… -32.46

U.S. Dollar Index: 102.05… -0.46