Mar 04 2024

Texas Daily Ag Market News Summary Posted 54 days ago by Administrator Account

The Daily Market News Report is 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 Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 183.00. Last week in Nebraska live FOB purchases from 183.00-184.50 with dressed delivered purchases at 290.00. Last week in the Western Cornbelt live FOB purchases traded from 183.00 -184.00, with dressed delivered purchases at 290.00.

Negotiated Sales:

Confirmed:                 71

Week Ago:                  82

Year Ago:                  245

Formula Net - Dressed Steers & Heifers:

Head count priced today:  32,300

Weighted avg. weight:        888.00

Weighted avg. net price:    291.78

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Cattle Slaughter under Federal Inspection

Monday              116,000

Week Ago           122,000

Year Ago             124,627

Week to Date     116,000

Last Week          122,000

Last Year            124,627

Friday

Steers & Heifers:  76,000

Cows & Bulls:       24,000

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Boxed Beef:

Cutout Values:

Choice: 306.30… +1.02

Select:  295.17… -0.57

Choice/Select Spread: 11.13

Total Load Count: 77

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Cutter Cow Cutout:

242.09… +2.09

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CME Feeder Cattle Index for March 1st:

246.38… -0.62%/ -0.25%

1 Year Change: +31.21%

52 Week Range: 187.21 to 254.09

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Futures Settlements:

Live Cattle:

April: 186.67… -1.78

June: 182.57… -1.43

August: 181.92… -0.75

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Feeder Cattle:

March: 251.55… -1.42

April: 255.75… -2.25

May: 257.77… -2.40

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April Lean Hogs: 86.27… -1.80

April Crude Oil: 78.74… -1.23

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May Corn: 4.3000… +0.0525

May Wheat: 5.6400… +0.0625

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Grain Cash Bids:

Omaha Corn: 4.36… +0.11

Kansas City Wheat: 5.12… +0.11

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Financial Markets:

DJIA: 38,991.99… -95.27

S & P 500: 5,131.03… +6.05

NASDAQ: 16,207.51… -67.43

U.S. Dollar Index: 103.83… -0.03