Mar 30 2021

Texas Daily Ag Market News Summary Posted 3 years 25 days ago by Administrator Account

Daily Market Summary for March 30^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading in the Texas Panhandle has been limited on light demand. A few live purchases traded at 116.11. However, not enough for a full market trend. In Kansa, Northern Plains and Western Cornbelt negotiated cash trading has been at a standstill. Last week in the Southern Plains live purchases traded at 115.00. For the prior week in the Northern Plains live purchases traded mostly at 116.00 and dressed purchases, in Nebraska, traded at 185.00. For the previous week in the Western Cornbelt live purchases traded from 115.00-117.00 and dressed purchases traded at mostly at 185.00.

 

Negotiated Sales:

Confirmed:      1,028

Week Ago:          185

Year Ago:         1,192

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   12,300

Weighted avg. weight:        844 lbs.

Weighted avg. net price:     187.95

                 

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       120,000

Week ago (est)                    117,000

Year ago (act)                      119,000

Week to Date                      239,000

Same Period Last Week    233,000

Same Period Last Year      238,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 244.83… +5.30

Select:  235.92… +3.42

Choice/Select Spread: 8.91

Total Load Count: 149

            

Cutter Cow Cutout:

187.86… -0.11

   

CME Feeder Cattle Index for March 29^th:

139.75... +0.89

            

Futures Settlements…

Live Cattle:

April: 120.97… Unchanged

June: 122.22… -0.43

August: 121.25… -0.22

   

Feeder Cattle:

April: 146.82… -0.25

May: 152.20… Unchanged

August: 160.30… +0.30

     

April Hogs: 100.92… +0.55

May Crude Oil: 60.55… -1.01

   

May Corn: 5.3925… -0.0750

May Wheat: 6.0175… -0.1500

   

Grain Cash Bids:

Kansas City Corn: 5.36… -0.08

Kansas City Wheat: 5.29… -0.11

   

Financial Markets:

DJIA: 33,068.07… -103.30

S & P 500: 3,958.79… -12.31

NASDAQ: 13,045.40… -14.25

U.S. Dollar Index: 93.29… +0.35