Mar 02 2021

Texas Daily Ag Market News Summary Posted 3 years 47 days ago by Administrator Account

Daily Market Summary for March 2^nd

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in all feeding regions. For the prior week live purchases traded at 114.00 in the Southern Plains, Nebraska and Western Cornbelt. For the previous week in Nebraska and Western Cornbelt dressed purchases traded at 182.00.

       

Negotiated Sales:

Confirmed:        38

Week Ago:    2,036

Year Ago:    13,246

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,300

Weighted avg. weight:        858 lbs.

Weighted avg. net price:     182.81

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       123,000

Week ago (est)                    122,000

Year ago (act)                      124,000

Week to Date                      243,000

Same Period Last Week    241,000

Same Period Last Year      247,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 234.68… -4.35

Select:  226.17… -1.47

Choice/Select Spread: 8.51

Total Load Count: 112

            

Cutter Cow Cutout:

188.47… -0.36

   

CME Feeder Cattle Index for March 1^st:

137.54… -0.81

            

Futures Settlements…

Live Cattle:

April: 119.42… +0.45

June: 117.75… +0.25

August: 116.80… +0.33

   

Feeder Cattle:

March: 136.52… -0.68

April: 140.47… -0.65

May: 143.57… -0.33

     

April Hogs: 85.35… -2.37

April Crude Oil: 59.75… -0.89

   

March Corn: 5.6075… +0.1325

March Wheat: 6.6325… +0.1950

   

Grain Cash Bids:

Kansas City Corn: 5.42… +0.07

Kansas City Wheat: 6.01… +0.12

   

Financial Markets:

DJIA: 31,391.52… -144.06

S & P 500: 3,870.29… -31.54

NASDAQ: 13,358.79… -230.04

U.S. Dollar Index: 90.76… -0.28