Mar 22 2021

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

Daily Market Summary for March 22^nd

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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 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 19^th:

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