Mar 10 2021

Texas Daily Ag Market News Summary Posted 3 years 58 days ago by Administrator Account

Daily Market Summary for March 10^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been limited on light demand in the Texas Panhandle and light on light to moderate demand in Kansas with live purchases steady at 114.00 compared to the last reported market on Tuesday. Negotiated cash trading in Nebraska has been light on light to moderate demand with live purchases steady to 1.00 lower from 113.00-114.00 compared to the last reported market on Tuesday and dressed purchases mostly steady with last week at 180.00. In Colorado negotiated cash trading was slow on light demand with live purchases steady compared to the last reported market on Tuesday at 114.00. In the Western Cornbelt negotiated cash trading was limited on light demand, not enough purchases for a full market trend. Last week live purchases traded from 112.00-114.00 and dressed purchases traded at 180.00.

       

Negotiated Sales:

Confirmed:    32,876

Week Ago:     39,578

Year Ago:      54,230

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   13,100

Weighted avg. weight:        860 lbs.

Weighted avg. net price:     184.58

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                121,000

Week ago (est)                    121,000

Year ago (act)                      125,000

Week to Date                      363,000

Same Period Last Week    364,000

Same Period Last Year      372,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 227.29… -1.74

Select:  219.82… -3.98

Choice/Select Spread: 7.47

Total Load Count: 132

            

Cutter Cow Cutout:

187.21… -0.88

   

CME Feeder Cattle Index for March 9^th:

133.99… -0.03

            

Futures Settlements…

Live Cattle:

April: 118.77… -0.88

June: 118.97… -0.68

August: 117.92… -0.30

   

Feeder Cattle:

March: 136.20… -0.95

April: 141.72… -0.35

May: 146.82… -0.15

     

April Hogs: 88.77… +0.42

April Crude Oil: 64.44… +0.43

   

March Corn: 5.4775… -0.1425

March Wheat: 6.5075… -0.0575

   

Grain Cash Bids:

Kansas City Corn: 5.31… -0.12

Kansas City Wheat: 5.87… -0.10

   

Financial Markets:

DJIA: 32,297.09… +464.35

S & P 500: 3,898.81… +23.37

NASDAQ: 13,068.83… -4.99

U.S. Dollar Index: 91.81… -0.15