Texas Daily Ag Market News Summary

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