Mar 15 2021

Texas Daily Ag Market News Summary Posted 3 years 36 days ago by Administrator Account

Daily Market Summary for March 15^th

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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 11^th:

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