Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday in all trading regions, negotiated cash has been at a standstill. Last week in the Texas Panhandle live FOB purchases at 186.00. In Nebraska negotiated cash was mostly inactive on light demand. Last week in Kansas negotiated live FOB purchases traded from 185.00-186.00. Last week in Nebraska live FOB purchases traded from 189.00-190.00 and dressed delivered purchases from 299.00-302.00. Last week in the Western Cornbelt live FOB purchases traded from 188.00-190.00, dressed delivered purchases traded from 299.00-300.00, on a very light test.

Negotiated Sales:

Confirmed:                  75

Week Ago:                 267

Year Ago:                    148

Formula Net - Dressed Steers & Heifers:

Head count priced today:   43,200

Weighted avg. weight:         875.00

Weighted avg. net price:     302.18

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Cattle Slaughter under Federal Inspection

Monday             109,000

Week Ago           118,000

Year Ago             120,262

Week to Date     109,000

Last Week           118,000

Last Year             120,262

Friday

Steers & Heifers:  77,000

Cows & Bulls:        21,000

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Boxed Beef:

Cutout Values:

Choice: 305.74… -0.90

Select:  301.79… -1.64

Choice/Select Spread: 3.95

Total Load Count: 77

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Cutter Cow Cutout:

267.78… +4.38

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CME Feeder Cattle Index for March 29th:

247.17… -1.82 / -0.73%

1 Year Change: +28.95%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 180.07… -4.93

June: 175.32… -4.93

August: 172.10… -6.10

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Feeder Cattle:

March: 240.42… -6.70

April: 242.67… -6.03

May: 251.65… -7.17

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May Lean Hogs: 93.75… +1.25

April Crude Oil: 83.71… +0.54

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May Corn: 4.3550… -0.0650

May Wheat: 5.5700… -0.0325

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Grain Cash Bids:

Omaha Corn: 4.44… -0.06

Kansas City Wheat: 5.26… -0.04

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Financial Markets:

DJIA: 39,565.79… -241.58

S & P 500: 5,243.69… -10.66

NASDAQ: 16,396.83… +17.37

U.S. Dollar Index: 104.99… +0.44