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Daily Market Summary for March 12th

Updated Monday thru Friday around 4:00 PM CT

Cattle/Beef Market-Strength Indexes

10-Day Index Trendline

Change from Previous Day: +3.29%

Change from 10 Days Ago:  +7.37%

 

 60-Day Index Trendline

Change from 60 Days Ago: +5.33%​

Change from 60 Day High:  -5.06%

 
Indexes track daily market values for the past 10 & 60 days.
Each daily value is the weighted total of the Gain/(Loss) for
15 market factors compared to the previous trading day.

Wednesday Regional Auction Reports

 

Fed Cattle: 
USDA reported on Wednesday afternoon that negotiated cash trade has been limited on light demand in Kansas. A few early purchases traded at 200.00, however, not enough for an adequate market test. Negotiated cash trade has been mostly inactive on very light demand in all other feeding regions. The latest reported market in any feeding region was last week with live purchases in the Southern Plains at 197.00. In Nebraska last week, live purchases traded form 200.00-202.00 with dressed purchases from 315.00-317.00. In the Western Cornbelt for the previous week, live purchases traded from 200.00-202.00 with dressed purchases from 315.00-320.00.
Negotiated Sales:
Confirmed:        863
Week Ago:         815
Year Ago:        1.161
Formula Net - Dressed Steers & Heifers:
Head count priced today:   26,800
Weighted avg. weight:              905
Weighted avg. net price:     316.07
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Cattle Slaughter under Federal Inspection:
Wednesday            123,000
Week Ago                120,000
Year Ago                  115,730
Week to Date         362,000
Last Week WTD      345,000
Last Year WTD        349,578
Tuesday
Steers & Heifers:   101,000
Cows & Bulls:           23,000
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Boxed Beef:
Cutout Values:
Choice: 321.10… -0.10
Select:  307.53... +0.67
Choice/Select Spread: 13.57
Total Load Count: 153
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Cutter Cow Cutout:
297.00… +1.36
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CME Feeder Cattle Index for Tuesday, March 11th:
278.71… +2.17
52 Week High: 281.68 on 1/30/25
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Futures Settlements:
Live Cattle:  
April: 201.40… +1.85
June: 197.87… +1.62
August: 195.55… +1.28
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Feeder Cattle:
March: 280.25… +2.75
April: 280.72… +3.02
May: 281.87… +2.92
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April Lean Hogs: 86.50… -0.05
April Crude Oil: 67.67… +1.42
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May Corn: 4.6075… -0.0950
May Wheat: 5.5400… -0.0275
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Financial Markets:
DJIA: 41,350.99… -81.88
S & P 500: 5,599.17… +27.22
NASDAQ: 17,648.45… +212.35
U.S. Dollar Index: 103.58… +0.16
Although all information is from sources believed to be accurate & timely, The Cattle Range expressly disclaims all warranties, expressed or implied, as to the accuracy of any of the contents provided and shall not be liable for decisions or actions taken based on the data, information, and opinions contained within.