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Mar
15
2021

Texas Daily Ag Market News Summary

Posted 184 days ago ago by Administrator Account

Daily Market Summary for March 15th

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 at a standstill in all major feeding regions. Last week in the Southern Plains and Colorado live purchases traded at 114.00. In Nebraska live and dressed purchases trading from 113.00-114.00 and at 180.00, respectively. In the Western Cornbelt live and dressed purchases traded from 112.00-113.00 and 178.00-180.00, respectively.

       

Negotiated Sales:

Confirmed:      None

Week Ago:            78

Year Ago:         4,743

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   31,400

Weighted avg. weight:        848 lbs.

Weighted avg. net price:     182.36

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       113,000

Week ago (est)                    121,000

Year ago (act)                      118,000

Previous Day (est)

Steers & Heifers:  88,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 224.77… -1.10

Select:  218.05… -2.22

Choice/Select Spread: 6.72

Total Load Count: 103

            

Cutter Cow Cutout:

188.25… -0.09

   

CME Feeder Cattle Index for March 11th:

134.13… +0.28

            

Futures Settlements…

Live Cattle:

April: 119.12… +0.12

June: 121.77… +1.35

August: 120.82… +1.05

   

Feeder Cattle:

March: 137.02… +0.67

April: 143.92… +0.70

May: 149.72… +1.35

     

April Hogs: 90.55… -0.85

April Crude Oil: 65.39… -0.22

   

May Corn: 5.4950… +0.1050

May Wheat: 6.4500… +0.0650

   

Grain Cash Bids:

Kansas City Corn: 5.47… +0.11

Kansas City Wheat: 5.77… +0.03

   

Financial Markets:

DJIA: 32,952.60… +174.55

S & P 500: 3,968.88… +25.55

NASDAQ: 13,459.71… +139.85

U.S. Dollar Index: 91.82… +0.14