Mar 31 2020

Texas Daily Ag Market News Summary Posted 4 years 19 days ago by Administrator Account

Daily Market Summary for March 31st

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading was inactive with very light demand. Not enough trades for a market trend. The prior week was the last fully reported market. In the Texas Panhandle live cash trades moved from 118.00-1120.00. In Kansas and Nebraska live cash trades moved from 119.00-120.00 and dressed cash trades, in Nebraska, moved mostly at 190.00. In the Western Cornbelt live and dressed cash trades moved mostly at 120.00 and 190.00, respectively.

   

Negotiated Sales:

Confirmed:     535

Week Ago:   1,192

Year Ago:     1,735

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  28,600

Weighted avg. weight:       866 lbs.

Weighted avg. net price:   183.29

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                     119,000

Week ago (est)                  123,000

Year ago (act)                    122,000

Week to Date                    236,000

Same Period Last Week   239,000

Same Period Last year     240,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 243.15… -7.82

Select:  229.96… -8.18

Choice/Select Spread: 13.19

Total Load Count: 104

        

Cutter Cow Cutout:

187.18… +0.65

   

CME Feeder Cattle Index for March 30th:

131.10… -1.47

   

Futures…

Live Cattle:

April: 101.82… +2.62

June: 92.07… +3.00

August: 93.60… +2.98

   

Feeder Cattle:

April: 121.92… +1.87

May: 122.90… +2.00

August: 128.90… +1.98

     

May Hogs: 52.97… -0.15

May Crude Oil: 20.48… +0.39

   

May Corn: 3.4075… -0.0050

May Soybeans: 8.8600… +0.0375

May Wheat: 5.6875… -0.0075

   

Grain Cash Bids:

Kansas City Corn: 3.41… Unchanged

Kansas City Soybeans: 8.74… +0.04

Kansas City Wheat: 5.52… -0.01

   

Financial Markets:

DJIA: 21,917.16… -410.32

S & P 500: 2,584.59… -42.06

NASDAQ: 7,700.10… -74.05

U.S. Dollar Index: 99.07… -0.11