Fed Cattle:
USDA reported on Tuesday afternoon that negotiated cash trade has been at a standstill in the Southern Plains. In Nebraska negotiated cash trade has been limited on very demand. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week in the Southern Plains live FOB purchases traded at 208.00. In Nebraska and the Western Cornbelt, live FOB purchases traded from 210.00-213.00 and dressed delivered purchases traded at 335.00.
Negotiated Sales:
Confirmed: 1,788
Week Ago: 141
Year Ago: 187
Formula Net - Dressed Steers & Heifers:
Head count priced today: 29,600
Weighted avg. weight: 934
Weighted avg. net price: 338.41
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Cattle Slaughter under Federal Inspection:
Tuesday 122,000
Week Ago 123,000
Year Ago 123,426
Week to Date 226,000
Last Week WTD 227,000
Last Year WTD 243,810
Monday
Steers & Heifers: 84,000
Cows & Bulls: 20,000
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Boxed Beef:
Cutout Values:
Choice: 338.10… -1.40
Select: 322.06… +2.86
Choice/Select Spread: 16.04
Total Load Count: 114
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Cutter Cow Cutout:
297.79… -1.10
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CME Feeder Cattle Index for Monday, April 7th:
290.53… +0.53
52 Week High: 291.95 on 4/3/25
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Futures Settlements:
Live Cattle:
April: 199.10… +0.18
June: 193.62… -0.55
August: 190.45… -0.07
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Feeder Cattle:
April: 280.42… +2.60
May: 271.72… -0.45
August: 277.60… -0.28
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June Lean Hogs: 89.77… -0.28
May Crude Oil: 58.52… -2.18
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July Corn: 4.7475… +0.0400
July Wheat: 5.5400… +0.0350
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Financial Markets:
DJIA: 37,645.59… -319.76
S & P 500: 4,982.78… -79.44
NASDAQ: 15,267.91… -335.35
U.S. Dollar Index: 102.95… -0.31
