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Mar
11
2021

Texas Daily Ag Market News Summary

Posted 134 days ago ago by Administrator Account

Daily Market Summary for March 11th

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 Thursday, negotiated cash trading has been limited on light demand in Nebraska and the Western Cornbelt, and at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. The last reported market in the Southern Plains was on Wednesday with live purchases at 114.00. In Nebraska on Wednesday, live purchases traded from 113.00-114.00 and dressed purchases at 180.00. In Colorado on Wednesday, live purchases traded at 114.00. On Wednesday in the Western Cornbelt, live purchases traded from 112.00-113.00 and dressed purchases from 178.00-180.00.

       

Negotiated Sales:

Confirmed:      4,428

Week Ago:       5,780

Year Ago:       12,759

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   16,500

Weighted avg. weight:        862 lbs.

Weighted avg. net price:     186.21

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     118,000

Week ago (est)                    121,000

Year ago (act)                      119,000

Week to Date                      481,000

Same Period Last Week    485,000

Same Period Last Year      491,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        28,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 226.67… -0.62

Select:  220.07… +0.25

Choice/Select Spread: 6.60

Total Load Count: 133

            

Cutter Cow Cutout:

188.33… +1.12

   

CME Feeder Cattle Index for March 10th:

133.85… -0.14

            

Futures Settlements…

Live Cattle:

April: 118.52… -0.25

June: 119.67… +0.70

August: 118.65… +0.73

   

Feeder Cattle:

March: 135.25… -0.95

April: 141.27… -0.45

May: 146.40… -0.42

     

April Hogs: 91.50… +2.73

April Crude Oil: 66.02… +1.58

   

March Corn: 5.5500… +0.0725

March Wheat: 6.3625… -0.1450

   

Grain Cash Bids:

Kansas City Corn: 5.36… +0.05

Kansas City Wheat: 5.74… -0.13

   

Financial Markets:

DJIA: 32,485.59… +188.50

S & P 500: 3,939.34… +40.53

NASDAQ: 13,398.67… +329.84

U.S. Dollar Index: 91.38… -0.43