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Mar
08
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Texas Daily Ag Market News Summary

Posted 137 days ago ago by Administrator Account

Daily Market Summary for March 8th

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 Monday, negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt, and at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded at 114.00. In Nebraska, live purchases traded from 113.00-114.00 and dressed purchases traded at 180.00. In Colorado, live purchases traded from 113.00-114.00. In the Western Cornbelt live purchases traded from 112.00-114.00 and dressed purchases traded at 180.00.

       

Negotiated Sales:

Confirmed:         78

Week Ago:        118

Year Ago:       4,743

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,700

Weighted avg. weight:        861 lbs.

Weighted avg. net price:     182.06

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       121,000

Week ago (est)                    120,000

Year ago (act)                      123,000

Previous Day (est)

Steers & Heifers:  85,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 231.08… -0.25

Select:  223.13… +2.28

Choice/Select Spread: 7.95

Total Load Count: 70

            

Cutter Cow Cutout:

187.70… -0.28

   

CME Feeder Cattle Index for March 5th:

133.92… -0.93

            

Futures Settlements…

Live Cattle:

April: 119.35… +0.33

June: 119.15… +1.15

August: 117.85… +0.78

   

Feeder Cattle:

March: 135.35… +0.75

April: 139.67… +0.65

May: 145.07… -0.08

     

April Hogs: 87.30… +0.13

April Crude Oil: 65.05… -1.04

   

March Corn: 5.6500… +0.0300

March Wheat: 6.4650… -0.0750

   

Grain Cash Bids:

Kansas City Corn: 5.44… +0.01

Kansas City Wheat: 5.92… -0.04

   

Financial Markets:

DJIA: 31,802.51… +304.63

S & P 500: 3,821.38… -20.40

NASDAQ: 12,629.20… -290.95

U.S. Dollar Index: 92.39… +0.41