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Mar
15
2018

Texas Daily Ag Market News Summary

Posted 6 years 14 days ago by Administrator Account

Daily Market Summary for Thursday, March 15th:

The Daily Market News Report bought to you by The Cattle Range. Please visit http://cattlerange.com/ex-static.htm for more information!



TCR's Weekly Current & Projected Feedyard Closeout

Slaughter Cattle: Thursday negotiated cash trade was light to moderate on moderate demand in Nebraska and the Western Cornbelt. In Nebraska compared to Tuesday, live purchases traded steady to .50 higher from 128.00-128.50. Early dressed purchases compared to last week have traded mostly 1.00 higher at 205.00. In the Western Cornbelt compared to Wednesday, live and dressed purchases traded mostly steady from 128.00-131.00 and from 205.00-207.00 respectively. Traded was limited on light to moderate demand in the Southern Plains and Colorado. The latest established market in the Southern Plains was on Tuesday with live purchases at 127.00. In Colorado last week, live purchases traded from 127.00-128.00.

Negotiated Sales: Confirmed: 17,737   Week Ago: 72,972   Year Ago: 9,132

Formula Purchases: Net - Dressed 
Head count priced today: 20,900 
Weighted avg weight:       875.00 
Weighted avg net price:   205.21

Alberta Beef Producers Daily Report: Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids have been reported from 275.00-276.00 delivered. Bids are positioned at the bottom end of last week trading range. No live bids have been reported however using a 60% dressing percentage, dressed bids are working back to the mid 160's on a live basis.


Livestock Slaughter under Federal Inspection
                              Cattle      Calves   Hogs        Sheep 
Thursday (est        118,000    2,000      456,000     9,000 
Week ago (est)      119,000    2,000      469,000      8,000 
Year ago (act)       116,000    2,000      448,000      8,000 
Week to date (est) 466,000    8,000   1,840,000    31,000 
Last Week (est)     467,000    8,000   1,824,000    33,000 
Last Year (act)       456,000    7,000   1,759,000    33,000 
 

Boxed Beef: Boxed beef cutout values higher on Choice and weak on Select on light to moderate demand and light offerings. Choice rib, chuck, round, and loin cuts steady to firm while Select steady to weak. Beef trimmings mostly firm to slightly higher on moderate demand and offerings.

Cutout Values...            Choice        Select 
Current Cutout Values:    224.99         216.31 
Change from prior day:      +0.88          -0.70 
Choice/Select spread:         8.68


Futures Summary

April Live Cattle Futures: 121.85...-1.15

June Live Cattle Futures: 112.30...-0.95

August Live Cattle Futures: 109.80...-0.97

March Feeder Cattle Futures: 140.62...-1.43

April Feeder Cattle Futures: 140.82...-1.90

May Feeder Cattle Futures: 141.60...-2.02

CME Feeder Cattle Index: 142.81...-0.44

April Lean Hog Futures: 67.72...-1.15


National Grain Market Summary

Kansas City Corn: Unavailable

Kansas City Soybeans: Unavailable

Kansas City Wheat: Unavailable

May Corn Futures: 3.8675...-0.0200

May Soybean Futures: 10.4075...+0.0850

May Wheat Futures: 4.7875...-0.1000


Nearby Crude Oil Futures Contract: 61.19...+0.23

Dow Jones Industrial Average: 24,873.66...+115.54

NASDAQ: 7,481.74...-15.07

U.S. Dollar Index: 90.14...+0.36






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