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Mar
11
2024

Texas Daily Ag Market News Summary

Posted 131 days ago by Administrator Account

Daily Market Summary for March 11th

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 Monday in all trading regions, negotiated cash has been at a standstill. Last week in the Southern Plains live FOB purchases FOB purchases traded at 185.00. Last week in Nebraska live FOB purchases from 185.00-186.00, with dressed delivered purchases traded from 292.00-300.00. Last week in the Western Cornbelt live FOB purchases from 185.00 -186.00 with a few up to 187.00, with dressed delivered purchases at 292.00.

Negotiated Sales:

Confirmed:                  37

Week Ago:                   71

Year Ago:                None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,700

Weighted avg. weight:        881.00

Weighted avg. net price:    293.19

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Cattle Slaughter under Federal Inspection

Monday               111,000

Week Ago            116,000

Year Ago              121.811

Week to Date     111,000

Last Week           116,000

Last Year             121,811

Friday

Steers & Heifers:  73,000

Cows & Bulls:       24,000

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Boxed Beef:

Cutout Values:

Choice: 308.88… +1.84

Select:  298.88… +1.45

Choice/Select Spread: 10.00

Total Load Count: 77

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Cutter Cow Cutout:

250.23… +1.07

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CME Feeder Cattle Index for March 8th:

248.24… -0.50% / -0.20%

1 Year Change: +30.81%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 187.60… Unchanged

June: 183.02… -0.40

August: 182.05… -0.20

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Feeder Cattle:

March: 248.25… -0.95

April: 253.10… -1.00

May: 255.37… -1.38

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April Lean Hogs: 83.27… -1.10

April Crude Oil: 77.63… -0.08

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May Corn: 4.4175… +0.0200

May Wheat: 5.4725… +0.0950

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Grain Cash Bids:

Omaha Corn: 4.52… +0.05

Kansas City Wheat: 5.38… +0.19

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Financial Markets:

DJIA: 38,769.99… +46.71

S & P 500: 5,117.96… -5.75

NASDAQ: 16,019.27… -65.84

U.S. Dollar Index: 102.87… -0.16






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