Mar 12 2021

Texas Daily Ag Market News Summary Posted 3 years 42 days ago by Administrator Account

Daily Market Summary for March 12^th

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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 10^th:

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