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Mar
29
2021

Texas Daily Ag Market News Summary

Posted 202 days ago ago by Administrator Account

Daily Market Summary for March 29th

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 the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 115.00. For the prior week in the Northern Plains live purchases traded mostly at 116.00 and dressed purchases, in Nebraska, traded at 185.00. For the previous week in the Western Cornbelt live purchases traded from 115.00-117.00 and dressed purchases traded at mostly at 185.00.

  

Negotiated Sales:

Confirmed:       39

Week Ago:        75

Year Ago:        898

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   35,000

Weighted avg. weight:        841 lbs.

Weighted avg. net price:     182.47

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                    116,000

Year ago (act)                      119,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 239.53… +1.87

Select:  232.50… +4.73

Choice/Select Spread: 7.03

Total Load Count: 96

            

Cutter Cow Cutout:

187.97… +0.08

   

CME Feeder Cattle Index for March 26th:

138.75… +2.10

            

Futures Settlements…

Live Cattle:

April: 120.97… +0.87

June: 122.65… +0.88

August: 121.47… +0.60

   

Feeder Cattle:

April: 147.07… +1.95

May: 152.20… +2.33

August: 160.00… +1.55

     

April Hogs: 100.37… -0.43

May Crude Oil: 61.56… +0.59

   

May Corn: 5.4675… -0.0575

May Wheat: 6.1675… +0.0350

   

Grain Cash Bids:

Kansas City Corn: 5.44… -0.06

Kansas City Wheat: 5.40… +0.02

   

Financial Markets:

DJIA: 33,171.37… +99.31

S & P 500: 3,971.10… -3.38

NASDAQ: 13,059.65… +79.08

U.S. Dollar Index: 92.93… +0.16