Mar 12 2024

Texas Daily Ag Market News Summary Posted 47 days ago by Administrator Account

 

Daily Market Summary for March 12th

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

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Fed Cattle:

As of 3:00 PM Tuesday in Kansas, Nebraksa and the Western Cornbelt, negotiated cash has been at a standstill. In the Texas Panhandle negotiated cash has been mostly inactive on very light demand. Last week in the Southern Plains live FOB purchases FOB purchases traded at 185.00. Last week in Nebraska live FOB purchases from 185.00-186.00, with dressed delivered purchases traded from 292.00-300.00. Last week in the Western Cornbelt live FOB purchases from 185.00 -186.00 with a few up to 187.00, with dressed delivered purchases at 292.00.

Negotiated Sales:

Confirmed:                  56

Week Ago:                 241

Year Ago:                   140

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,400

Weighted avg. weight:         865.00

Weighted avg. net price:     295.19

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Cattle Slaughter under Federal Inspection

Tuesday              122,000

Week Ago           122,000

Year Ago             126,552

Week to Date     233,000

Last Week           238,000

Last Year             248,363

Monday

Steers & Heifers:  87,000

Cows & Bulls:        24,000

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Boxed Beef:

Cutout Values:

Choice: 310.59… +1.71

Select:  299.60… +0.72

Choice/Select Spread: 10.99

Total Load Count: 87

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Cutter Cow Cutout:

248.14… -2.09

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CME Feeder Cattle Index for March 11th:

248.26… +0.02% / +0.01%

1 Year Change: +30.82%

52 Week Range: 187.69 to 254.09

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Futures Settlements:

Live Cattle:

April: 188.25… +0.65

June: 183.95… +0.93

August: 182.80… +0.75

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Feeder Cattle:

March: 248.97… +0.72

April: 254.12… +1.02

May: 256.70… +1.33

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April Lean Hogs: 85.35… +2.08

April Crude Oil: 77.56… -0.37

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May Corn: 4.4175… Unchanged

May Wheat: 5.4750… +0.0025

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Grain Cash Bids:

Omaha Corn: 4.48… -0.04

Kansas City Wheat: 5.38… Unchanged

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Financial Markets:

DJIA: 39,005.40… +235.41

S & P 500: 5,175.21… +57.25

NASDAQ: 16,265.64… +246.37

U.S. Dollar Index: 102.94… +0.07