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Mar
22
2024

Texas Daily Ag Market News Summary

Posted 93 days ago by Administrator Account

Daily Market Summary for March 22nd

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 Friday in the Southern Plains, negotiated cash has been at a standstll. The most recent market in the Southern Plains was Thursday with live FOB purchase at 188.00. In Nebraska and the Western Cornbelt negotiated cash has been slow on light demand. The most recent market in Nebraska was Thursday with live FOB purchases at 190.00, with a few purchases up to 191.00, and delivered purchases at 302.00. The most recent market in the Western Cornbelt was Thursday with live FOB purchases from 190.00-191.00, with a few purchases up to 191.50, and dressed delivered purchases at 302.00.

Negotiated Sales:

Confirmed:          4,190

Week Ago:         39,842

Year Ago:              3,824

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,600

Weighted avg. weight:         875.00

Weighted avg. net price:     299.44

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Cattle Slaughter under Federal Inspection

Friday                  109,000

Week Ago           113,000

Year Ago             108,798

Week to Date     584,000

Last Week           586,000

Last Year             613,072

Friday

Steers & Heifers:  92,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 310.72… -3.01

Select:  301.47… -2.26

Choice/Select Spread: 9.25

Total Load Count: 85

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Cutter Cow Cutout:

257.10… -2.76

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CME Feeder Cattle Index for March 21st:

251.38… -0.44 / -0.17%

1 Year Change: +33.93%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 187.50… -0.87

June: 182.90… -1.60

August: 181.50… -1.77

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Feeder Cattle:

March: 249.95… -0.92

April: 251.50… -3.12

May: 253.77… -4.30

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May Lean Hogs: 90.40… +0.50

April Crude Oil: 80.63… -0.44

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May Corn: 4.3925… -0.0150

May Wheat: 5.5475… +0.0800

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Grain Cash Bids:

Omaha Corn: 4.53… -0.02

Kansas City Wheat: 5.35… +0.09

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Financial Markets:

DJIA: 39,473.91… -307.98

S & P 500: 5,234.05… -7.44

NASDAQ: 16,428.82… +26.98

U.S. Dollar Index: 104.04






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