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Mar
28
2024

Texas Daily Ag Market News Summary

Posted 114 days ago by Administrator Account

Daily Market Summary for March 28th

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 Thursday in the Texas Panhandle, negotiated cash has been moderate on trade and demand. Compared to last week live FOB purchases traded 2.00 lower at 186.00. In Kansas negotiated cash trade has been slow on light demand. The most recent market in Kansas was Wednesday with live FOB purchases 185.00. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on light demand. Last week in the Texas Panhandle live FOB purchases traded at 188.00. Last week in Nebraska live FOB purchases at 190.00, with dressed delivered purchases at 302.00. Last week in the Western Cornbelt with live FOB purchases traded from 190.00-191.00, with dressed delivered purchases at 302.00.

Negotiated Sales

Confirmed:          13,602

Week Ago:           59,484

Year Ago:             17.197

Formula Net - Dressed Steers & Heifers:

Head count priced today:   38,400

Weighted avg. weight:         892.00

Weighted avg. net price:     301.78

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Cattle Slaughter under Federal Inspection

Thursday            116,000

Week Ago           117,000

Year Ago             125,610

Week to Date     483,000

Last Week           475,000

Last Year             500,932

Wednesday

Steers & Heifers:  99,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 308,36… -0.22

Select:  301.17… =2.74

Choice/Select Spread: 7.19

Total Load Count: 149

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Cutter Cow Cutout:

260.83… =0.20

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CME Feeder Cattle Index for March 27th:

248.99… -2.28 / -0.91%

1 Year Change: +30.13%

52 Week Range: 191.27 to 254.09

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Futures Settlements:

Live Cattle:

April: 185.00… +1.40

June: 180.25… +1.58

August: 178.20… +1.53

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Feeder Cattle:

March: 247.75… -0.30

April: 247.12… +0.25

May: 248.70… +0.43

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May Lean Hogs: 92.50… +0.10

April Crude Oil: 83.17… +1.82

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May Corn: 4.4200… +0.1525

May Wheat: 5.6025… +12.75

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Grain Cash Bids:

Omaha Corn: 4.52… +0.14

Kansas City Wheat: 5.30… +0.06

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Financial Markets:

DJIA: 39,807.37… +47.29

S & P 500: 5,254.35… +5.86

NASDAQ: 16,379.48… +20.06

U.S. Dollar Index: 104.22… -0.08






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