Mar 26 2020

Texas Daily Ag Market News Summary Posted 4 years 23 days ago by Administrator Account

Daily Market Summary for March 26th

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Slaughter Cattle:

As of 3:00 PM Thursday, trade was light on good demand in Nebraska and the Western Cornbelt. Trade was mostly inactive on good demand in the Southern Plains, however not enough purchases in any feeding region for an adequate market test. The latest established market in any feeding region was on Wednesday with live purchases from 118.00-120.00. In Kansas and Nebraska on Wednesday, live purchases traded from 119.00-120.00. Dressed purchases in Nebraska traded mostly at 190.00, with a few up to 190.50. In the Western Cornbelt on Wednesday, live purchases traded at 120.00 with dressed purchases at 190.00.

   

Negotiated Sales:

Confirmed:     9,861

Week Ago:      4,757

Year Ago:        7,266

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  29,400

Weighted avg. weight:       888 lbs.

Weighted avg. net price:   179.15

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   123,000

Week ago (est)                  115,000

Year ago (act)                    118,000

 Week to Date                   484,000

Same Period Last Week   474,000

Same Period Last year     477,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values lower on light demand and moderate offerings. Select and Choice rib and loin cuts weak to lower while chuck cuts steady to firm. Choice round cuts weak while Select higher.

Cutout Values:

Choice: 253.57… -1.73

Select:  242.17… -0.92

Choice/Select Spread: 11.40

Total Load Count: 111

        

Cutter Cow Cutout:

185.08… -2.29

   

CME Feeder Cattle Index for March 25th:

128.50… +5.06

   

Futures…

Live Cattle:

April: 105.45… -3.00

June: 93.55… -2.77

August: 94.47… -2.70

   

Feeder Cattle:

March: 130.80… -1.27

April: 125.10… -3.62

May: 125.42… -3.60

     

April Hogs: 62.90… -2.95

April Crude Oil: 22.60… -1.89

   

May Corn: 3.4875… +0.0025

May Soybeans: 8.8025… -0.0125

May Wheat: 5.6900… -0.1100

   

Grain Cash Bids:

Kansas City Corn: 3.55… Unchanged

Kansas City Soybeans: 8.73… -0.01

Kansas City Wheat: 5.57… -0.11

   

Financial Markets:

DJIA: 22,552.17… +1,351.62

S & P 500: 2,630.07… +154.51

NASDAQ: 7,797.54… +413.24

U.S. Dollar Index: 99.27… -1.78