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Mar
05
2024

Texas Daily Ag Market News Summary

Posted 137 days ago by Administrator Account

Daily Market Summary for March 5th

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


Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trade was mostly inactive on light demand. 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:                241

Week Ago:                 280

Year Ago:                   642

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,900

Weighted avg. weight:         891.00

Weighted avg. net price:     296.90

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Cattle Slaughter under Federal Inspection

Tuesday             122,000

Week Ago           125,000

Year Ago             125,933

Week to Date     238,000

Last Week          247,000

Last Year            250,560

Tuesday

Steers & Heifers:  91,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 304.79… -1.51

Select:  294.87… -0.30

Choice/Select Spread: 9.92

Total Load Count: 137

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Cutter Cow Cutout:

243.07… +0.98

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CME Feeder Cattle Index for March 4th:

247.22… +0.84% / +0.34%

1 Year Change: +32.05%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 188.00… +1.33

June: 183.52… +0.95

August: 182.77… +0.85

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Feeder Cattle:

March: 252.30… +0.75

April: 257.17… +1.42

May: 258.70… +0.93

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April Lean Hogs: 85.17… -1.10

April Crude Oil: 78.15… -0.59

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May Corn: 4.2625… -0.0375

May Wheat: 5.5100… -0.1300

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Grain Cash Bids:

Omaha Corn: 4.34… -0.02

Kansas City Wheat: 5.03… -0.09

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Financial Markets:

DJIA: 38,585.39… -406.60

S & P 500: 5,078.71… -52.32

NASDAQ: 15,939.59… -267.92

U.S. Dollar Index: 103.77… -0.06

 





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