Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in all trading regions, negotiated cash has been moderate on moderate to good demand. Compared to last week in the Southern Plains negotiated live FOB purchases traded 2.00 higher at 188.00. Compared to last week live FOB purchases traded 2.00-3.00 higher at 190.00, with a few purchases up to 191.00. Compared to last week dressed delivered purchases traded 2.00- 7.00 higher at 302.00. Compared to last week live FOB purchases traded 2.00-3.00 higher from 190.00-191.00. Compared to last week dressed delivered purchases traded 4.00 higher at 302.00.

Negotiated Sales:

Confirmed:        59,484

Week Ago:           7,526

Year Ago:           50,336

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,800

Weighted avg. weight:         891.00

Weighted avg. net price:     299.32

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Cattle Slaughter under Federal Inspection

Thursday            117,000

Week Ago           122,000

Year Ago             125,951

Week to Date     475,000

Last Week           473,000

Last Year             504,274

Wednesday

Steers & Heifers:  91,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 313.73… +0.29

Select:  303.73… +1.02

Choice/Select Spread: 10.00

Total Load Count: 118

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Cutter Cow Cutout:

259.86… -0.84

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CME Feeder Cattle Index for March 20th:

251.82… +0.41% / +0.16%

1 Year Change: +34.10%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 188.37… +0.57

June: 184.50… -0.27

August: 183.27… -0.43

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Feeder Cattle:

March: 250.87… +0.62

April: 254.62… -0.30

May: 258.07… -0.73

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May Lean Hogs: 89.90… -1.07

April Crude Oil: 81.07… -0.20

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May Corn: 4.4075… +0.0175

May Wheat: 5.4675… -0.0175

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Grain Cash Bids:

Omaha Corn: 4.55… +0.02

Kansas City Wheat: 5.26… +0.02

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Financial Markets:

DJIA: 39,781.89… +270.15

S & P 500: 5,241.49… +16.90

NASDAQ: 16,401.84… +32.43

U.S. Dollar Index: 104.04… -0.61