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Mar
18
2024

Texas Daily Ag Market News Summary

Posted 124 days ago by Administrator Account

Daily Market Summary for March 18th

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 Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week in the Southern Plain live FOB purchases FOB purchases traded at 186.00. Last week in Nebraska live FOB purchases traded from 187.00-188.00 with dressed delivered purchases traded from 295.00-300.00. Last week in the Western Cornbelt live FOB purchases traded from 187.00 -189.00, with dressed delivered purchases at 298.00.

Negotiated Sales:

Confirmed:           70

Week Ago:            37

Year Ago:              38

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,100

Weighted avg. weight:         871.00

Weighted avg. net price:     294.85

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Cattle Slaughter under Federal Inspection

Monday              120,000

Week Ago           111,,000

Year Ago             124,621

Week to Date     120,000

Last Week           111,000

Last Year             124,621

Friday

Steers & Heifers:  89,000

Cows & Bulls:        24,000

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Boxed Beef:

Cutout Values:

Choice: 313.33… +1.43

Select:  303.05… +0.65

Choice/Select Spread: 10.28

Total Load Count: 114

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Cutter Cow Cutout:

255.70… -0.10

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CME Feeder Cattle Index for March 15th:

250.86… +1.86% / +0.75%

1 Year Change: +33.43%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 188.57… +1.32

June: 185.40… +1.80

August: 184.35… +1.73

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Feeder Cattle:

March: 251.20… +1.93

April: 255.10… +2.98

May: 259.12… +3.12

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April Lean Hogs: 86.82… -0.10

April Crude Oil: 82.07… +1.03

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May Corn: 4.3600… -0.0075

May Wheat: 5.4275… +0.1425

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Grain Cash Bids:

Omaha Corn: 4.45… +0.02

Kansas City Wheat: 5.18… +0.08

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Financial Markets:

DJIA: 38,789.05… +74.28

S & P 500: 5,149.42… +32.26

NASDAQ: 16,103.46… +130.29

U.S. Dollar Index: 103.61… +0.08






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