Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in all trading regions, negotiated cash has been at a standstill. There have been a few early live FOB purchases at 185.00, however not enough purchases for a market trend. 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:                  98

Week Ago:                 807

Year Ago:             38,504

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,800

Weighted avg. weight:        879.00

Weighted avg. net price:     292.57

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Cattle Slaughter under Federal Inspection

Wednesday       118,000

Week Ago           124,000

Year Ago             125,788

Week to Date     351,000

Last Week           362,000

Last Year             374,151

Tuesday

Steers & Heifers:  98,000

Cows & Bulls:        24,000

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Boxed Beef:

Cutout Values:

Choice: 309.82… -0.77

Select:  301.04… +1.44

Choice/Select Spread: 8.78

Total Load Count: 105

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Cutter Cow Cutout:

249.43… +1.29

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CME Feeder Cattle Index for March 12th:

248.19… -0.07% / -0.03%

1 Year Change: +30.78%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 189.92… +1.67

June: 186.05… +2.10

August: 184.37… +1.57

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Feeder Cattle:

March: 250.27… +1.30

April: 255.85… +1.73

May: 258.60… +1.90

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April Lean Hogs: 84.87… -0.48

April Crude Oil: 79.72… +2.16

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May Corn: 4.4125… -0.0050

May Wheat: 5.4425… -0.0325

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Grain Cash Bids:

Omaha Corn: 4.49… +0.01

Kansas City Wheat: 5.30… -0.08

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Financial Markets:

DJIA: 39,044.17… +38.77

S & P 500: 5,165.33… -9.88

NASDAQ: 16,177.77… -87.87

U.S. Dollar Index: 102.82… -0.14