Apr 03 2019

Texas Daily Ag Market News Summary Posted 5 years 239 days ago by Administrator Account

Daily Market Summary for April 3rd  

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

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Slaughter Cattle:  

As of 3:00 PM Wednesday, negotiated cash trade is moderate on moderate demand in Kansas. Compared to Tuesday, live purchases are steady at 124.00. Trading in all other regions was mostly inactive with light demand, however not enough for a market trend. The latest established market in Texas was last week with live purchases from 125.00-126.00. Last week in Nebraska, live purchases traded at 126.00, with a few up to 127.00. Dressed purchases traded at 206.00. In Colorado last week, live purchases traded at 126.00. For the previous week in the Western Cornbelt, live purchases traded from 127.00-129.00 with dressed purchases from 205.00-206.00.

  

Negotiated Sales:

Confirmed: 13,451 --- Week Ago: 30,513 --- Year Ago: 12,400

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 13,100

Weighted avg weight:             842

Weighted avg net price:    203.46

   

Alberta Beef Producers Daily Report:

Alberta direct cattle Monday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical price levels are unchanged from the beginning of the week.  Packers will be pulling hard on April contract cattle. Contract volumes are sounding larger for the first half of April compared to the second half of the month. On the cash market there have been rumblings steady money is being bid.

 

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves     Hogs         Sheep

Wednesday (est      121,000    3,000      477,000      8,000

Week ago (est)        120,000    3,000      477,000      8,000

Year ago (act)          119,000    2,000      465,000      8,000

Week to date (est) 356,000    7,000   1,429,000    25,000

Last Week (est)       358,000    7,000   1,422,000    26,000

Last Year (act)         340,000    6,000   1,246,000    28,000

Previous Day (Estimated)  Steers & Heifers     Cows & Bulls

                             Tuesday         94,000                  26,000

 

Boxed Beef: 

Boxed beef cutout values firm on moderate demand and offerings. Select and Choice rib, chuck, and loin cuts steady to firm while round cuts steady to weak. Beef trimmings unevenly steady on light demand and offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     226.14     218.97

Change from prior day:       +0.41       +0.48

Choice/Select spread:            7.17

Total Load Count (Cuts, Trimmings, Grinds): 141

 

Cutter Cow Cutout: 168.66… -0.35

  

CME Feeder Cattle Index: 142.44… -0.06

 

Futures

Live Cattle:

April: 125.77… -0.50

June: 119.00… -0.65

August: 115.77… -0.48

Feeder Cattle:

April: 144.75… -0.10

May: 147.27… -0.53

August: 154.35… -0.90

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April Hogs: 79.07… +0.12

April Crude Oil: 62.46… -0.12

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May Corn: 3.6275… +0.0125

May Soybeans: 8.9875… -0.0125

May Wheat: 4.7100… +0.0700

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Grain Cash Bids:

Kansas City Corn: 3.64… +0.03

Kansas City Soybeans: 8.61… -0.03

Kansas City Wheat: 4.49… +0.10

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Financial Markets:

Dow Jones Industrial Average: 26,218.13… +39.00

S & P 500: 2,873.40… +6.16

NASDAQ: 7,895.55… +46.86

U.S. Dollar Index: 97.12… -0.20

Cotton (www.ams.usda.gov): 

May Cotton Futures: 77.05… -0.22

Milk (www.cmegroup.com): 

April Class III Milk Futures: 15.80… -0.05