Mar 18 2019

Texas Daily Ag Market News Summary Posted 5 years 34 days ago by Administrator Account

Daily Market Summary for March 18th  

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

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Slaughter Cattle:  

As of 3:00 PM Monday, trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt trading has been inactive on very light demand. Not enough trades for a market trend. Last week in the Southern Plains and Colorado live cash trades moved at 127.00. For the prior week in Nebraska live cash trades move mostly at 127.00, with a few up to 128.00, and dressed cash trades moved at 204.00 on very light test. For the previous week in the Western Cornbelt live cash trades moved from 126.00-128.00 and dressed cash trades ranged from 203.00-206.00.

   

Negotiated Sales:

Confirmed: 38 --- Week Ago: 83 --- Year Ago: 152

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 46,800

Weighted avg weight:            822

Weighted avg net price:   204.79

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 157.75 and 154.00 respectively. Steer prices were 1.00 higher than the previous week while heifer prices traded 2.00 lower. Local and US packer interest was supportive last week.  Looking at the non-fed market butcher cows traded 0.50 higher through commercial auction facilities last week and butcher bull prices strengthened 5.00.

  

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Monday (est            115,000    2,000     463,000    11,000

Week ago (est)        119,000    2,000     475,000     8,000

Year ago (act)          118,000    2,000     463,000    10,000

Previous Day (Estimated)     Steers & Heifers     Cows & Bulls

                                  Friday            79,000                    21,000

                             Saturday             38,000                   12,000

 

Boxed Beef:

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     228.33     218.21

Change from prior day:       +1.34       +0.87

Choice/Select spread:           10.12

Total Load Count (Cuts, Trimmings, Grinds): 74

 

Cutter Cow Cutout: 169.34… +1.83

 

CME Feeder Cattle Index: 137.50… -0.15

 

Futures

Live Cattle:

April: 128.32… -0.78

June: 122.57… +0.65

August: 118.10… +0.38

Feeder Cattle:

March: 141.65… +0.33

April: 146.30… -0.62

May: 148.32… -0.13

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April Hogs: 71.02… +2.22

April Crude Oil: 59.09… +0.57

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May Corn: 3.7150… -0.0175

May Soybeans: 9.0575… -0.0350

May Wheat: 4.5675… -0.0550

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Grain Cash Bids:

Kansas City Corn: 3.68… -0.02

Kansas City Soybeans: 8.66… -0.03

Kansas City Wheat: 4.34… -0.06

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Financial Markets:

Dow Jones Industrial Average: 25,914.10… +65.23

S & P 500: 2,832.94… +10.16

NASDAQ: 7,714.48… +25.95

U.S. Dollar Index: 96.50… -0.04

Cotton (www.ams.usda.gov): 

May Cotton Futures: 75.27… -0.23

Milk (www.cmegroup.com): 

March Class III Milk Futures: 14.92… -0.02