Mar 03 2021

Texas Daily Ag Market News Summary Posted 3 years 53 days ago by Administrator Account

Daily Market Summary for March 3^rd

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading and demand has been light to moderate in the Southern Plains with live purchases steady compared to last week at 114.00. In Nebraska, negotiated cash trading has been light on moderate demand with dressed purchases 2.00 lower compared to last week at 180.00, and a few live purchases at 114.00 however not enough live purchases for a full market trend. The last reported live market was last week at 114.00. In Colorado negotiated cash trading has been limited on light demand with live purchases at 114.00. In the Western Cornbelt negotiated cash trading has been limited on light demand with a few dressed purchases at 180.00, however not enough purchases for a full market trend. Last week in the Western Cornbelt live purchases traded at 114.00 and dressed purchases traded at 182.00.

       

Negotiated Sales:

Confirmed:   39,578

Week Ago:      6,904

Year Ago:        9,584

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   16,600

Weighted avg. weight:        855 lbs.

Weighted avg. net price:     183.71

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 121,000

Week ago (est)                    121,000

Year ago (act)                      122,000

Week to Date                      364,000

Same Period Last Week    362,000

Same Period Last Year      369,000

Previous Day (est)

Steers & Heifers:  96,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 233.03… -1.65

Select:  224.24… -1.93

Choice/Select Spread: 8.79

Total Load Count: 120

            

Cutter Cow Cutout:

187.87… -0.60

   

CME Feeder Cattle Index for March 2^nd:

137.17… -0.37

            

Futures Settlements…

Live Cattle:

April: 119.40… -0.02

June: 117.67… -0.08

August: 116.90… +0.10

   

Feeder Cattle:

March: 137.00… +0.48

April: 141.30… +0.83

May: 144.57… +1.00

     

April Hogs: 87.92… +2.57

April Crude Oil: 61.28… +1.53

   

March Corn: 5.5025… -0.1050

March Wheat: 6.5200… -0.1125

   

Grain Cash Bids:

Kansas City Corn: 5.32… -0.10

Kansas City Wheat: 5.96… -0.09

   

Financial Markets:

DJIA: 31,270.69… -120.83

S & P 500: 3,819.76… -50.53

NASDAQ: 13,022.15… -336.64

U.S. Dollar Index: 90.96… +0.17