Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM, trade in all regions has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 188.00. Last week in Nebraska live FOB purchases at 190.00, with delivered purchases at 302.00. Last week in the Western Cornbelt with live FOB purchases from 190.00-191.00, with dressed delivered purchases at 302.00.

Negotiated Sales:

Confirmed:          None

Week Ago:              70

Year Ago:              136

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,000

Weighted avg. weight:        878.00

Weighted avg. net price:     297.57

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Cattle Slaughter under Federal Inspection

Tuesday              125,000

Week Ago           122,000

Year Ago             125,978

Week to Date     243,000

Last Week           242,000

Last Year             250,109

Monday

Steers & Heifers:  94,000

Cows & Bulls:        24,000

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Boxed Beef:

Cutout Values:

Choice: 311.09… +0.20

Select:  300.26… -1.70

Choice/Select Spread: 10.83

Total Load Count: 122

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Cutter Cow Cutout:

260.34… +0.24

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CME Feeder Cattle Index for March 25th:

251.63… -0.07% / -0.03%

1 Year Change: +31.58%

52 Week Range: 191.27 to 254.09

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Futures Settlements:

Live Cattle:

April: 183.10… -3.10

June: 178.37… -3.23

August: 176.42… -3.55

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Feeder Cattle:

March: 247.72… -1.73

April: 245.45… -5.00

May: 247.25… -5.37

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May Lean Hogs: 91.75… -0.17

April Crude Oil: 81.62… -0.33

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May Corn: 4.3250… -0.0525

May Wheat: 5.4350… -0.1150

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Grain Cash Bids:

Omaha Corn: 4.43… -0.09

Kansas City Wheat: 5.24… -0.12

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Financial Markets:

DJIA: 39,282.59… -30.51

S & P 500: 5,203.62… -14.61

NASDAQ: 16,315.70… -68.77

U.S. Dollar Index: 104.30… +0.07