Mar 30 2020

Texas Daily Ag Market News Summary Posted 4 years 25 days ago by Administrator Account

Daily Market Summary for March 30th

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

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Texas Panhandle, Nebraska and Western Cornbelt. In Kansas negotiated cash trading has been inactive with very light demand. Not enough trades for a market trend. The prior week was the last fully reported market. In the Texas Panhandle live cash trades moved from 118.00-1120.00. In Kansas and Nebraska live cash trades moved from 119.00-120.00 and dressed cash trades, in Nebraska, moved mostly at 190.00. In the Western Cornbelt live and dressed cash trades moved mostly at 120.00 and 190.00, respectively.

   

Negotiated Sales:

Confirmed:     183

Week Ago:      898

Year Ago:        158

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  35,900

Weighted avg. weight:       856 lbs.

Weighted avg. net price:   179.38

        

Cattle Slaughter under Federal Inspection:

Monday (est)                     120,000

Week ago (est)                  116,000

Year ago (act)                    118,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Boxed beef cutout values lower on light demand and heavy offerings. Select and Choice rib and chuck cuts weak to lower while loin cuts steady to weak. Choice round cuts firm while Select lower.

Cutout Values:

Choice: 250.97… -1.87

Select:  238.14… -4.24

Choice/Select Spread: 12.83

Total Load Count: 151

        

Cutter Cow Cutout:

186.53… -0.17

   

CME Feeder Cattle Index for March 27th:

132.57... +2.13

   

Futures…

Live Cattle:

April: 99.20… -1.75

June: 89.07… -0.35

August: 90.62… +0.17

   

Feeder Cattle:

April: 120.05… -0.55

May: 120.90… -0.02

August: 126.92… +0.18

     

April Hogs: 53.95… -4.50

April Crude Oil: 20.08… -1.43

   

May Corn: 3.4125… -0.0475

May Soybeans: 8.8225… +0.0075

May Wheat: 5.6950… -0.0175

   

Grain Cash Bids:

Kansas City Corn: 3.41… -0.03

Kansas City Soybeans: 8.70… -0.02

Kansas City Wheat: 5.53… -0.02

   

Financial Markets:

DJIA: 22,327.48… +690.70

S & P 500: 2,626.65… +85.18

NASDAQ: 7,774.15… +271.77

U.S. Dollar Index: 99.00… +0.63