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Texas Daily Ag Market News Summary

Posted 194 days ago ago by Administrator Account

Daily Market Summary for March 5th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!



Slaughter Cattle:

As of 3:00 PM Friday in Colorado and Western Cornbelt, negotiated cash trading has been limited on light to moderate demand. In Colorado live purchases traded steady at 114.00 when compared to the last reported market on Wednesday. In the Western Cornbelt, a few, live purchases traded at 113.00. However, not enough live or dressed purchases for a full market trend. Last week in the Western Cornbelt live and dressed purchases traded at 114.00 and 182.00, respectively. So far for Friday in Nebraska negotiated cash trading has been mostly inactive on very light demand. In the Southern Plains negotiated cash trading has been at a standstill. Wednesday was the last reported market in these regions with live purchases at 114.00 and dressed purchases, in Nebraska, traded at 180.00.

       

Negotiated Sales:

Confirmed:     9,775

Week Ago:    14,623

Year Ago:         5,515

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,800

Weighted avg. weight:        860 lbs.

Weighted avg. net price:     184.51

        

Cattle Slaughter under Federal Inspection:

Friday (est)                          109,000

Week ago (est)                    119,000

Year ago (act)                      119,000

Week to Date                      594,000

Same Period Last Week    602,000

Same Period Last Year       612,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 231.33… -2.55

Select:  220.85… -0.83

Choice/Select Spread: 10.48

Total Load Count: 112

            

Cutter Cow Cutout:

187.98… +0.18

   

CME Feeder Cattle Index for March 4th:

134.85... -1.22

            

Futures Settlements…

Live Cattle:

April: 119.02… +0.47

June: 118.00… +1.03

August: 117.07… +0.85

   

Feeder Cattle:

March: 134.60… -0.50

April: 139.02… +0.05

May: 145.15… +2.50

     

April Hogs: 87.17… -0.13

April Crude Oil: 66.09… +2.26

   

March Corn: 5.6200… +0.1575

March Wheat: 6.5400… +0.0425

   

Grain Cash Bids:

Kansas City Corn: 5.43… +0.13

Kansas City Wheat: 5.96… +0.05

   

Financial Markets:

DJIA: 31,497.88… +575.38

S & P 500: 3,841.78…+73.24

NASDAQ: 12,729.69… +206.22

U.S. Dollar Index: 91.92… +0.30