Texas Daily Ag Market News Summary

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