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Mar
25
2021

Texas Daily Ag Market News Summary

Posted 183 days ago ago by Administrator Account

Daily Market Summary for March 25th

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, negotiated cash trading in the Southern Plains has been limited on light demand, not enough purchases for a full market trend. The last reported market was on Wednesday with live purchases at 115.00. In Nebraska negotiated cash trading has been slow on light to moderate demand with live purchases steady to 1.00 higher compared to Wednesday at 116.00. Not enough dressed purchases for a full market trend. The last reported dressed market was on Wednesday at 185.00. Negotiated cash trading in Colorado has been light on light to moderate demand with live purchases 2.00 higher compared to last week at 116.00. In the Western Cornbelt, negotiated cash trading has been slow on light demand, not enough purchases for a full market trend. Last week live purchases traded from 114.00-115.00 and dressed purchases traded from 180.00-182.00.

        

Negotiated Sales:

Confirmed:       19,265

Week Ago:        12,514

Year Ago:            9,861

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   19,600

Weighted avg. weight:        852 lbs.

Weighted avg. net price:     184.49

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     121,000

Week ago (est)                    111,000

Year ago (act)                      125,000

Week to Date                      475,000

Same Period Last Week    453,000

Same Period Last Year      492,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        28,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 236.45… +1.61

Select:  226.25… +2.18

Choice/Select Spread: 10.20

Total Load Count: 102

            

Cutter Cow Cutout:

189.05… +1.77

   

CME Feeder Cattle Index for March 24th:

135.62… +0.76

            

Futures Settlements…

Live Cattle:

April: 119.55… +0.43

June: 121.07… +0.77

August: 120.37… +0.62

   

Feeder Cattle:

March: 136.15… +0.38

April: 144.22… +1.77

May: 149.12… +1.80

     

April Hogs: 99.67… +1.90

April Crude Oil: 58.56… -2.62

   

May Corn: 5.4650… -0.0675

May Wheat: 6.1250… -0.1225

   

Grain Cash Bids:

Kansas City Corn: 5.44… -0.06

Kansas City Wheat: 5.37… -0.09

   

Financial Markets:

DJIA: 32,619.48… +198.83

S & P 500: 3,909.58… +20.36

NASDAQ: 12,977.68… +15.79

U.S. Dollar Index: 92.83… +0.30