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Mar
15
2024

Texas Daily Ag Market News Summary

Posted 127 days ago by Administrator Account

Daily Market Summary for March 15th

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 Friday in the Southern Plains, negotiated cash was moderate on trade and demand. Compared to last week live FOB purchases FOB purchases traded 1.00 higher at 186.00. Compared to Thursday in Kansas live FOB purchases FOB purchases traded steady at 186.00. In Nebraska negotiated cash was moderate on trade and demand. Compared to Thursday live FOB purchases traded steady to 1.00 lower from 187.00-188.00. Compared to Thursday dressed delivered purchases traded unevenly steady at 298.00. In the Western Cornbelt negotiated cash was trade was moderate on trade and demand. Compared Thursday live FOB purchases traded steady to 1.00 higher from 188.00 -189.00. Compared to last week dressed delivered purchases traded 6.00 higher at 298.00, on a light test.

Negotiated Sales:

Confirmed:           39,842

Week Ago:            11,211

Year Ago:               2,966

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,400

Weighted avg. weight:        876.00

Weighted avg. net price:     295.52

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Cattle Slaughter under Federal Inspection

Friday                 113,000

Week Ago             97,000

Year Ago             113,755

Week to Date     586,000

Last Week           581,000

Last Year             612,014

Thursday

Steers & Heifers:  97,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 311.90… +1.12

Select:  302.40… +0.71

Choice/Select Spread: 9.50

Total Load Count: 88

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Cutter Cow Cutout:

255.80… +3.88

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CME Feeder Cattle Index for March 14th:

249.00… +0.54% / +0.22%

1 Year Change: +31.47%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 187.25… +0.30

June: 183.60… +0.23

August: 182.62… +0.52

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Feeder Cattle:

March: 249.27… +1.80

April: 252.12… +0.95

May: 256.00… +1.18

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April Lean Hogs: 86.92… +1.90

April Crude Oil: 81.04… -0.22

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May Corn: 4.3675… +0.0300

May Wheat: 5.2850… -0.0375

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Grain Cash Bids:

Omaha Corn: 4.47… +0.05

Kansas City Wheat: 5.10… -0.08

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Financial Markets:

DJIA: 38,714.77… -202.61

S & P 500: 5,117.16… -34.02

NASDAQ: 15,973.17… -155.36

U.S. Dollar Index: 103.45… +0.09






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