Texas Daily Ag Market News Summary

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