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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: -0.90%

Change from 10 Days Ago:  -3.12%

 

 60-Day Index Trendline

Change from 60 Days Ago: +3.13%​

Change from 60 Day High:   -8.63%

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

Wednesday Regional Auction Reports

 

Fed Cattle:
USDA reported on Thursday afternoon that negotiated cash trade has been limited on moderate demand in the Texas Panhandle. There have been a few live purchases from 235.00-235.50, but not enough for an adequate market test. The last established market test in the Texas Panhandle was last week with live purchases at mostly 240.00. Negotiated cash trade has been mostly inactive on light demand in Kansas. The last established market test in Kansas was Wednesday at 235.00. Negotiated cash trade has been limited on moderate demand in Nebraska. There have been a few live purchases from 235.00-236.00 and a few dressed purchases at 372.00, but not enough for an adequate market test. The last established market test in Nebraska was Wednesday with live purchases at mostly 235.00 and dressed purchases at mostly 372.00. Negotiated cash trade has been mostly inactive on moderate demand in the Western Cornbelt. The last established market test in the Western Cornbelt was Wednesday with live purchases from 233.00-235.00, mostly 235.00, and dressed purchases at 372.00.
Negotiated Sales:
Confirmed:       5,854
Week Ago:           240
Year Ago:             244
Formula Net - Dressed Steers & Heifers:
Head count priced today: 26,800
Weighted avg. weight:            943
Weighted avg. net price:   381.99
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Cattle Slaughter under Federal Inspection:
Thursday                    108,000
Week Ago                   111,000
Year Ago                     122,094
Week to Date             425,000
Last Week WTD         433,000
Last Year WTD            483,938
Wednesday
Steers & Heifers:       82,000
Cows & Bulls:             24,000
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Boxed Beef:
Cutout Values:
Choice: 398.34… +1.64
Select: 392.14… +2.89
Choice/Select Spread: 6.20
Total Load Count: 113
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Cutter Cow Cutout:
337.99… -0.28
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CME Feeder Cattle Index for Wednesday, March 11th:
Posted daily by CME for the prior business day
360.97... -3.83
Historical High: 2/19/26 @ 377.37
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Futures Settlements: Friday Closes
Live Cattle:
April: 231.25… +1.10
June: 229.37… +1.30
August: 227.27… +1.10
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Feeder Cattle:
January: 348.22… -0.50
March: 343.00… -0.30
April: 339. 92… +0.10
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May Lean Hogs: 99.15… -0.9
April WTI Crude Oil: 96.33… +9.08
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May Corn: 4.6250… +0.0225
May Wheat: 5.9850… +0.0375
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Financial Markets:
DJIA: 46,677.85… -739.52
S & P 500: 6,672.57… -103.23
NASDAQ: 22,311.98… -404.15
U.S. Dollar Index: 99.74… +0.51
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.