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Mar
19
2024

Texas Daily Ag Market News Summary

Posted 123 days ago by Administrator Account

Daily Market Summary for March 19th

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 Tuesday in all trading regions, negotiated cash trade has been at a standstill. 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:          239

Week Ago:             56

Year Ago:             143

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,800

Weighted avg. weight:         884.00

Weighted avg. net price:     297.70

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Cattle Slaughter under Federal Inspection

Tuesday             122,000

Week Ago           122,000

Year Ago             126,448

Week to Date     242,000

Last Week           233,000

Last Year             251,069

Monday

Steers & Heifers:  98,000

Cows & Bulls:        22,000

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Boxed Beef:

Cutout Values:

Choice: 313.22… -0.11

Select:  303.18… +0.13

Choice/Select Spread: 10.04

Total Load Count: 138

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Cutter Cow Cutout:

257.54… +2.04

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CME Feeder Cattle Index for March 18th:

251.02… +0.16% / +0.06%

1 Year Change: +33.51%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 188.05… -0.52

June: 185.00… -0.40

August: 184.02… -0.33

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Feeder Cattle:

March: 250.67… -0.53

April: 255.07… -0.03

May: 258.92… -0.20

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May Lean Hogs: 91.95… -1.47

April Crude Oil: 83.47… +0.75

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May Corn: 4.3950… +0.0350

May Wheat: 5.5250… +0.0975

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Grain Cash Bids:

Omaha Corn: 4.53… +0.08

Kansas City Wheat: 5.26… +0.08

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Financial Markets:

DJIA: 38,112.30… +323.25

S & P 500: 5,178.48… +29.06

NASDAQ: 16,116.79… +63.33

U.S. Dollar Index: 103.82… +0.39






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