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Market News Details

DTN Cattle Close/Trends





                 USDA MARKET NEWS--AFTERNOON CATTLE REPORT    03/21/19

          VOLUME    USDA TOTAL RANGE   DTN PRACTICAL RANGE  WT AVG

KANSAS    CONFIRMED CASH SALES - TODAY:       0   WEEK T0 DATE:       0
STEERS    No reportable trade
HEIFERS   No reportable trade

NEBRASKA  CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:     881
STEERS    No reportable trade
HEIFERS   No reportable trade

TEXAS     CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:       0
STEERS    No reportable trade
HEIFERS   No reportable trade

COLORADO  CONFIRMED CASH SALES - TODAY:       0   WEEK TO DATE:       0
STEERS    No reportable trade
HEIFERS   No reportable trade

IOWA      CONFIRMED CASH SALES - TODAY:     390   WEEK TO DATE:   2,574
STEERS    No reportable trade
HEIFERS   No reportable trade

COMMENTS: A very quiet day with the cash trade at a complete standstill.

5-AREA LV STR AVE PR&WT: $No Test      HIDE&OFFAL: $9.10 +0.02
CARCASS EQV INDEX   CHOICE (600-900#)   SELECT (600-900#)    #OF HD
 LIVE BASED            193.79              183.36            21,104
 BOX BASED             217.31              206.37            38,184
 AVE INDEX             205.55  +0.45       194.86  -0.01     59,288
 BEEF CUTOUTS        CHOICE (600-900#)   SELECT (600-900#)
                       229.31  +0.64       218.37  -0.26
 72.45 LDS CH CUTS / 18.75 LDS SEL CUTS /  6.89 LDS TRIM / 13.00 LDS GROUND
BOXED BEEF TREND: Frm on Ch & wk on Sel on mod-frly gd dem & mod offers
COMPREHENSIVE WEEKLY CUTOUT VALUE: Week ending 03/15 $224.78 +2.56
 CUTTER 90%  350# UP C/O: $168.68 +0.14
 NAT'L BONELESS BF TRIM: 52.98 lds / Gen stdy on lt dem & offers
 90% TRIM: 14 lds: Wtd Avg $217.84 / Steady to firm
FI KILL(WTD) THU 121(476) WK AGO  99(447) YR AGO 121(476) MIX: WED SH93/CB27
                     WEEKLY CANADIAN CATTLE IMPORTS.
                         FEEDERS     SLAUGHTER S&H
Week Ending:  03/09/19    8,143        9,990
Week Ending:  03/02/19    8,165        9,461
Change from prev week:      -22         +529

Market Commentary

Good evening May corn finished up ¼ of a cent, May beans up 2 cents, and May wheat up 8 1/4 cents. Dovish comments by the Fed were the biggest news around the trade today. The weaker dollar helped wheat find some more support that created some buying that spilled over into corn and beans. Headlines about a trade deal coming along nicely according to President Trump didn’t bring out buyers. The news is old and the market is tired of it. Today was the 7th consecutive day with no daily export sale announced and the bearish impact seemed to be limited due to the rally in wheat. According to Reuters the US producer has found some company in the Argentine farmer who is not marketing what is expected to be a 55MMT soybean crop because the Chicago board is too low. Managed money shorts, no export announcements, and delays regarding the trade deal are weighing on prices and farmers continue holding out for good (read bullish) news.
Quotes, news, weather & polling services by Telvent/DTN.  Market data delayed at least 10 minutes.  Futures quotes source: ICE, MGEX & CME Group.