Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash has been at a standstill. In Kansas and Nebraska negotiated cash has been mostly inactive on light demand. 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. In the Western Cornbelt negotiated cash has been slow on light to moderate demand. Compared to last week live FOB purchases traded 2.00-3.00 higher at 188.00. Last week dressed delivered purchases traded at 292.00.

Negotiated Sales:

Confirmed:             7,526

Week Ago:            19,080

Year Ago:                3,377

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,900

Weighted avg. weight:        865.00

Weighted avg. net price:     294.85

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Cattle Slaughter under Federal Inspection

Thursday            122,000

Week Ago           122,000

Year Ago             124,108

Week to Date     473,000

Last Week           484,000

Last Year             498,259

Wednesday

Steers & Heifers:  92,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 310.78… +0.96

Select:  301.69… +0.65

Choice/Select Spread: 9.09

Total Load Count: 106

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Cutter Cow Cutout:

251.92… +2.49

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CME Feeder Cattle Index for March 13th:

248.46… +0.27% / +0.11%

1 Year Change: +31.11%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 186.95… -2.97

June: 183.37… -2.68

August: 182.10… -2.27

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Feeder Cattle:

March: 247.47… -2.80

April: 251.17… -4.68

May: 254.82… -3.70

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April Lean Hogs: 85.02… +0.15

April Crude Oil: 81.26… +1.54

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May Corn: 4.3375… -0.0750

May Wheat: 5.3225… -0.1200

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Grain Cash Bids:

Omaha Corn: 4.42… -0.07

Kansas City Wheat: 5.18… -0.12

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Financial Markets:

DJIA: 38,917.38… -126.79

S & P 500: 5,151.18… -14.15

NASDAQ: 16,128.53… -49.24

U.S. Dollar Index: 103.37… -0.58