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Mar
13
2024

Texas Daily Ag Market News Summary

Posted 129 days ago by Administrator Account

Daily Market Summary for March 13th

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 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






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