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Mar
16
2021

Texas Daily Ag Market News Summary

Posted 129 days ago ago by Administrator Account

Daily Market Summary for March 16th

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 Tuesday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading was mostly inactive on very light demand. Not enough purchases for a market trend. 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:         315

Week Ago:       9,879

Year Ago:            144

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   13,900

Weighted avg. weight:        864 lbs.

Weighted avg. net price:     185.16

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       121,000

Week ago (est)                    121,000

Year ago (act)                      123,000

Week to Date                      228,000

Same Period Last Week    242,000

Same Period Last Year      241,000

Previous Day (est)

Steers & Heifers:  82,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 226.93… +2.16

Select:  218.77… +0.72

Choice/Select Spread: 8.16

Total Load Count: 132

            

Cutter Cow Cutout:

188.21… -0.04

   

CME Feeder Cattle Index for March 15th:

133.86… -0.07

            

Futures Settlements…

Live Cattle:

April: 118.20… -0.92

June: 121.45… -0.32

August: 121.00… +0.18

   

Feeder Cattle:

March: 136.57… -0.45

April: 143.32… -0.60

May: 149.72… Unchanged

     

April Hogs: 92.90… +2.35

April Crude Oil: 64.80… -0.59

   

May Corn: 5.5425… +0.0475

May Wheat: 6.4700… +0.0200

   

Grain Cash Bids:

Kansas City Corn: 5.51… +0.04

Kansas City Wheat: 5.78… +0.01

   

Financial Markets:

DJIA: 32,825.69… -126.91

S & P 500: 3,962.71… -6.17

NASDAQ: 13,470.43… +10.72

U.S. Dollar Index: 91.84… +0.01