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Mar
08
2024

Texas Daily Ag Market News Summary

Posted 134 days ago by Administrator Account

Daily Market Summary for March 8th

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 Friday in all trading regions, negotiated cash trade has been slow on light demand. Compared to last week in the Southern Plains live FOB purchases traded 2.00 higher at 185.00, on a light test. The most recent market in Nebraska was Thursday with live FOB purchases traded from 185.00-186.00, mostly at 185.00, with dressed delivered purchases traded from 292.00-300.00. The most recent market in the Western Cornbelt was Thursday with live FOB purchases from 185.00 -186.00, dressed delivered purchases traded at 292.00.

Negotiated Sales:

Confirmed:          11,211

Week Ago:             4,786

Year Ago:               3,320

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,100

Weighted avg. weight:         857.00

Weighted avg. net price:     293.25

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Cattle Slaughter under Federal Inspection

Friday                   97,000

Week Ago           100,000

Year Ago             113,941

Week to Date     581,000

Last Week           595,000

Last Year             615,129

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        24,000

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Boxed Beef:

Cutout Values:

Choice: 307.04… +0.43

Select:  297.43… +1.17

Choice/Select Spread: 9.61

Total Load Count: 80

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Cutter Cow Cutout:

249.16… +4.22

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CME Feeder Cattle Index for March 7th:

248.07… +1.17% / +0.47%

1 Year Change: +31.92%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 187.60… -1.12

June: 183.42… -1.18

August: 182.25… -1.25

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Feeder Cattle:

March: 249.20… -1.82

April: 254.10… -2.20

May: 256.75… -1.70

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April Lean Hogs: 84.37… -0.15

April Crude Oil: 78.01… -0.92

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May Corn: 4.3975… +0.0175

May Wheat: 5.3775… +0.0925

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Grain Cash Bids:

Omaha Corn: 4.47… +0.03

Kansas City Wheat: 5.19… +0.13

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Financial Markets:

DJIA: 38,723.28… -67.93

S & P 500: 5,123.71… -33.65

NASDAQ: 16,085.11… -188.27

U.S. Dollar Index: 102.76… -0.07






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