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Mar
23
2021

Texas Daily Ag Market News Summary

Posted 185 days ago ago by Administrator Account

Daily Market Summary for March 23rd

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 mostly inactive on very light demand in the Western Cornbelt and at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. 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:           185

Week Ago:            315

Year Ago:           1,192

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   15,000

Weighted avg. weight:        853 lbs.

Weighted avg. net price:     183.15

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       117,000

Week ago (est)                    121,000

Year ago (act)                      125,000

Week to Date                      233,000

Same Period Last Week    228,000

Same Period Last Year      242,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 233.99… +3.04

Select:  225.23… +2.18

Choice/Select Spread: 8.76

Total Load Count: 143

            

Cutter Cow Cutout:

187.53… -1.48

   

CME Feeder Cattle Index for March 22nd:

134.64… +0.38

            

Futures Settlements…

Live Cattle:

April: 119.12… +0.35

June: 120.05… +1.13

August: 119.10… +0.98

   

Feeder Cattle:

March: 135.45… +0.38

April: 139.75… +0.33

May: 145.47… +0.37

     

April Hogs: 96.47… +1.42

April Crude Oil: 57.76… -3.79

   

May Corn: 5.5125… +0.0225

May Wheat: 6.3475… +0.0750

   

Grain Cash Bids:

Kansas City Corn: 5.48… +0.02

Kansas City Wheat: 5.52… +0.04

   

Financial Markets:

DJIA: 32,423.22… -307.98

S & P 500: 3,910.52… -30.08

NASDAQ: 13,233.12… -144.42

U.S. Dollar Index: 92.35… +0.61