Apr 11 2019

Texas Daily Ag Market News Summary Posted 5 years 231 days ago by Administrator Account

Daily Market Summary for April 11th  

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 Thursday, trading has been limited on light demand in all major feeding regions. Not enough for an adequate market trend. The last established market in the Southern Plains was on Wednesday with live purchases at 124.00. For the prior week in Nebraska, live trades were from 126.00-126.50 with the bulk at 126.00. Dressed purchases were from 204.00-206.00. In Colorado last week, live trades were at 126.00. For the previous week in the Western Cornbelt, live and dressed trades were from 127.00-128.00 and 204.00-206.00, respectively.

  

Negotiated Sales:

Confirmed: 995 --- Week Ago: 5,560 --- Year Ago: 5,259

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 25,400

Weighted avg weight:            841

Weighted avg net price:    200.91

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Wednesday saw light trade develop with dressed sales marked at 270.00 delivered. Sales are fully steady with the previous week. Live bids have been reported in the upper 150's and are 1.00 lower than last week's weighted average price. One western Canadian packer seems to be more active on the cash market compared to the others.  

 

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs         Sheep

Thursday (est          111,000    3,000      429,000      8,000

Week ago (est)       121,000    3,000       470,000      8,000

Year ago (act)        120,000     2,000      465,000      7,000

Week to date (est) 471,000     9,000   1,855,000    35,000

Last Week (est)      477,000   10,000   1,899,000    33,000

Last Year (act)        478,000     8,000   1,829,000    31,000

Previous Day (Estimated)  Steers & Heifers     Cows & Bulls

                      Wednesday        94,000                     26,000

 

Boxed Beef: 

Boxed beef cutout values steady on Choice and firm on Select on light to moderate demand and offerings. Select and Choice rib, chuck, and loin cuts steady to weak while round cuts steady to firm. Beef trimmings not fully established.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     228.83    219.95

Change from prior day:       -0.22      +0.33

Choice/Select spread:            9.43

Total Load Count (Cuts, Trimmings, Grinds): 111

 

Cutter Cow Cutout: 169.47… +0.20

  

CME Feeder Cattle Index: 143.35… -0.28

 

Futures

Live Cattle:

April: 126.00… +0.13

June: 120.42… +0.47

August: 117.37… +0.37

Feeder Cattle:

April: 145.25… +0.25

May: 149.85… +0.63

August: 157.65… +0.63

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April Hogs: 79.22… +0.32

April Crude Oil: 63.58… -1.03

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May Corn: 3.6000… -0.0175

May Soybeans: 8.9525… -0.0675

May Wheat: 4.6050… +0.0250

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Grain Cash Bids:

Kansas City Corn: 3.62… -0.02

Kansas City Soybeans: 8.55… -0.07

Kansas City Wheat: 4.38… +0.02

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Financial Markets:

Dow Jones Industrial Average: 26,143.05… -14.11

S & P 500: 2,888.32… +0.11

NASDAQ: 7,947.36… -16.88

U.S. Dollar Index: 97.17… +0.26

Cotton (www.ams.usda.gov): 

May Cotton Futures: 76.98 … -0.64

Milk (www.cmegroup.com): 

April Class III Milk Futures: 15.91… -0.06