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Mar
22
2021

Texas Daily Ag Market News Summary

Posted 209 days ago ago by Administrator Account

Daily Market Summary for March 22nd

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 and Northern Plains live purchases traded at 114.00. In Nebraska dressed purchases traded from 180.00-182.00. For the prior week in the Western Cornbelt live purchases traded from 114.00-115.00 and dressed purchases traded from 180.00-182.00.

       

Negotiated Sales:

Confirmed:             75

Week Ago:         None

Year Ago:         30,818

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   38,600

Weighted avg. weight:        856 lbs.

Weighted avg. net price:     182.20

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       116,000

Week ago (est)                    107,000

Year ago (act)                      117,000

Previous Day (est)

Steers & Heifers:  83,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 230.95… +0.96

Select:  223.05… +3.10

Choice/Select Spread: 7.90

Total Load Count: 83

            

Cutter Cow Cutout:

189.01… +2.01

   

CME Feeder Cattle Index for March 19th:

134.26… +0.23

            

Futures Settlements…

Live Cattle:

April: 118.77… +0.37

June: 118.92… +0.25

August: 118.12… +0.35

   

Feeder Cattle:

March: 135.07… +0.40

April: 139.42… Unchanged

May: 145.10… +0.43

     

April Hogs: 95.05… +0.80

April Crude Oil: 61.55… +0.13

   

May Corn: 5.4900… -0.0875

May Wheat: 6.2725… +0.0025

   

Grain Cash Bids:

Kansas City Corn: 5.46… -0.01

Kansas City Wheat: 5.48… -0.08

   

Financial Markets:

DJIA: 32,731.20… +103.10

S & P 500: 3,940.60… +27.50

NASDAQ: 13,377.54… +166.24

U.S. Dollar Index: 91.78… -0.14