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Mar
06
2024

Texas Daily Ag Market News Summary

Posted 136 days ago by Administrator Account

Daily Market Summary for March 6th

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 Wednesday in the Southern Plains, negotiated cash trade has been at a standstill. In the Western Cornbelt and Nebraska negotiated cash trade has been 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:                807

Week Ago:              6,074

Year Ago:              29,532

Formula Net - Dressed Steers & Heifers:

Head count priced today:   18,100

Weighted avg. weight:         866.00

Weighted avg. net price:     292.48

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Cattle Slaughter under Federal Inspection

Wednesday       122,000

Week Ago           125,000

Year Ago             125,054

Week to Date     362,000

Last Week          372,000

Last Year            375,614

Tuesday

Steers & Heifers:  96,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 304.91… +0.12

Select:  295.09… +0.22

Choice/Select Spread: 9.82

Total Load Count: 108

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Cutter Cow Cutout:

245.17… +2.10

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CME Feeder Cattle Index for March 5th:

247.10… -0.12% / -0.05%

1 Year Change: +31.99%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 187.25… -0.75

June: 183.27… -0.25

August: 182.40… -0.37

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Feeder Cattle:

March: 251.02… -1.28

April: 255.87… -1.30

May: 257.77… -0.93

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April Lean Hogs: 85.00… -0.17

April Crude Oil: 79.13… +0.98

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May Corn: 4.2875… +0.0250

May Wheat: 5.3100… -0.2000

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Grain Cash Bids:

Omaha Corn: 4.35… +0.01

Kansas City Wheat: 4.91… -0.12

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Financial Markets:

DJIA: 38,665.37… +79.98

S & P 500: 5,105.23… +26.52

NASDAQ: 16,031.54… +91.95

U.S. Dollar Index: 103.38… -0.42






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