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Mar
18
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Texas Daily Ag Market News Summary

Posted 127 days ago ago by Administrator Account

Daily Market Summary for March 18th

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 Thursday in Nebraska, negotiated cash trading has been slow on light demand. A few early dressed purchases traded 2.00 higher at 182.00, when compared to last week. Not enough live purchases for a market trend. Wednesday was the last live purchase market at 114.00. So far for Thursday in the Southern Plains, Colorado and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. Wednesday was the last reported live market in Kansas, Colorado and Western Cornbelt. In Kansas and Colorado live purchases traded at 114.00. In the Western Cornbelt live purchases traded from 114.00-115.00 and, last week, dressed purchases traded from 178.00-180.00. Thus far for Thursday in the Texas Panhandle negotiated cash trading has been at a standstill. Last week live purchases traded at 114.00.

       

Negotiated Sales:

Confirmed:      12,514

Week Ago:         4,428

Year Ago:         12,759

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,600

Weighted avg. weight:        874 lbs.

Weighted avg. net price:     185.70

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     117,000

Week ago (est)                    121,000

Year ago (act)                      124,000

Week to Date                      345,000

Same Period Last Week    363,000

Same Period Last Year      365,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 228.61… +0.14

Select:  218.11… +0.52

Choice/Select Spread: 10.50

Total Load Count: 121

            

Cutter Cow Cutout:

188.99… +1.82

   

CME Feeder Cattle Index for March 17th:

134.28… +0.33

            

Futures Settlements…

Live Cattle:

April: 118.57… -0.85

June: 119.65… -2.37

August: 119.02… -2.65

   

Feeder Cattle:

March: 135.52… -1.40

April: 141.42… -3.23

May: 146.62… -3.55

     

April Hogs: 94.30… +0.63

April Crude Oil: 60.00… -4.60

   

May Corn: 5.4650… -0.1150

May Wheat: 6.3050… -0.0950

   

Grain Cash Bids:

Kansas City Corn: 5.44… -0.11

Kansas City Wheat: 5.57… -0.14

   

Financial Markets:

DJIA: 32,862.17… 153.20

S & P 500: 3,915.46… -58.66

NASDAQ: 13,125.08… -400.08

U.S. Dollar Index: 91.89… +0.44