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Mar
20
2024

Texas Daily Ag Market News Summary

Posted 89 days ago by Administrator Account

Daily Market Summary for March 20th

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 Wednesday in the Texas Panhandle, Nebraska and the Western Cornbelt, negotiated cash trade has been at a standstill. In Kansas negotiated cash trade has been slow on light demand. In Kansas there has been a few early purchases at 186.00, however not enough purchases for a market trend. 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:        1,161

Week Ago:              98

Year Ago:              628

 

Formula Net - Dressed Steers & Heifers:

Head count priced today:   14,300

Weighted avg. weight:         872.00

Weighted avg. net price:     297.35

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Cattle Slaughter under Federal Inspection

Wednesday       116,000

Week Ago           118,000

Year Ago             127,254

Week to Date    358,000

Last Week          351,000

Last Year            378,323

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 313.44… +0.22

Select:  302.71… -0.47

Choice/Select Spread: 10.73

Total Load Count: 136

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Cutter Cow Cutout:

260.70… +2.96

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CME Feeder Cattle Index for March 19th:

251.41… +0.39% / +0.16%

1 Year Change: +33.72%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 187.80… -0.25

June: 184.77… -0.23

August: 183.70… -0.32

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Feeder Cattle:

March: 250.25… -0.42

April: 254.92… -0.15

May: 258.80… -0.12

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May Lean Hogs: 90.97… -0.98

April Crude Oil: 81.68… -1.79

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May Corn: 4.3900… -0.0050

May Wheat: 5.4500… -0.0750

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Grain Cash Bids:

Omaha Corn: 4.53… Unchanged

Kansas City Wheat: 5.24… -0.02

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Financial Markets:

DJIA: 39,511.74… +399.44

S & P 500: 5,224.59… +46.11

NASDAQ: 16,369.41… +202.62

U.S. Dollar Index: 103.42… -0.01






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