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Mar
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Texas Daily Ag Market News Summary

Posted 187 days ago ago by Administrator Account

Daily Market Summary for March 12th

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, negotiated cash trading has been limited on light demand in all major feeding regions with a few live purchases in Kansas and Nebraska at 114.00, however 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:      8,424

Week Ago:       9,775

Year Ago:        9,550

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   17,800

Weighted avg. weight:        864 lbs.

Weighted avg. net price:     184.49

        

Cattle Slaughter under Federal Inspection:

Friday (est)                          113,000

Week ago (est)                    109,000

Year ago (act)                      104,000

Week to Date                      594,000

Same Period Last Week    594,000

Same Period Last Year      595,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 225.87… -0.80

Select:  220.27… +0.20

Choice/Select Spread: 5.60

Total Load Count: 134

            

Cutter Cow Cutout:

188.33… Unchanged

   

CME Feeder Cattle Index for March 10th:

133.85… -0.14

            

Futures Settlements…

Live Cattle:

April: 119.00… +0.48

June: 120.42… +0.75

August: 119.77… +1.12

   

Feeder Cattle:

March: 136.35… +1.10

April: 143.22… +1.95

May: 148.37… +1.97

     

April Hogs: 91.40… -0.10

April Crude Oil: 65.61… -0.41

   

March Corn: 5.4925… -0.0575

March Wheat: 6.3175… -0.0450

   

Grain Cash Bids:

Kansas City Corn: 5.36… Unchanged

Kansas City Wheat: 5.74… Unchanged

   

Financial Markets:

DJIA: 32,778.05… +292.46

S & P 500: 3,943.33… +3.99

NASDAQ: 13,319.86… -78.81

U.S. Dollar Index: 91.62… +0.20