Mar 19 2021

Texas Daily Ag Market News Summary Posted 3 years 35 days ago by Administrator Account

Daily Market Summary for March 19^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases in any region for a full market trend. In Kansas and Nebraska Wednesday was the last reported live market at 114.00. In Nebraska Thursday was the last reported dressed market at 182.00. In Colorado Thursday was the reported live market at 114.00. In the Western Cornbelt Wednesday was the last reported live market from 1014.00-115.00 and Thursday was the last reported dressed market at 182.00. Last week in the Texas Panhandle live traded at 114.00.

       

Negotiated Sales:

Confirmed:       4,532

Week Ago:        8,424

Year Ago:         9,550

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   21,600

Weighted avg. weight:        852 lbs.

Weighted avg. net price:     182.49

        

Cattle Slaughter under Federal Inspection:

Friday (est)                           106,000

Week ago (est)                    113,000

Year ago (act)                      113,000

Week to Date                      559,000

Same Period Last Week    594,000

Same Period Last Year      595,000

Previous Day (est)

Steers & Heifers:  86,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 229.99… +1.38

Select:  219.95… +1.84

Choice/Select Spread: 10.04

Total Load Count: 108

            

Cutter Cow Cutout:

187.00... -1.99

   

CME Feeder Cattle Index for March 18^th:

134.03… -0.25

            

Futures Settlements…

Live Cattle:

April: 118.40… -0.17

June: 118.67… -0.98

August: 117.77… -1.25

   

Feeder Cattle:

March: 134.67… -0.85

April: 139.42… -2.00

May: 144.67… -1.95

     

April Hogs: 94.25… -0.05

April Crude Oil: 61.42… +1.42

   

May Corn: 5.5775… +0.1125

May Wheat: 6.2700… -0.0350

   

Grain Cash Bids:

Kansas City Corn: 5.47… +0.03

Kansas City Wheat: 5.53… -0.04

   

Financial Markets:

DJIA: 32,628.10… -234.07

S & P 500: 3,913.10… -2.36

NASDAQ: 13,211.30… +95.22

U.S. Dollar Index: 91.93… +0.07