Apr 02 2020

Texas Daily Ag Market News Summary Posted 4 years 240 days ago by Administrator Account

Daily Market Summary for April 2nd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been at a standstill in all major feeding regions. Wednesday was the last reported market, with a light test noted. In the Southern Plains live cash trades moved mostly at 112.00. In Nebraska and Western Cornbelt live cash trades moved mostly at 112.00 and dressed cash dressed moved from 1175.00-180.00.

   

Negotiated Sales:

Confirmed:    2,159

Week Ago:     9.861

Year Ago:       5,560

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  28,400

Weighted avg. weight:       858 lbs.

Weighted avg. net price:   192.47

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                   115,000

Week ago (est)                  123,000

Year ago (act)                    120,000

Week to Date                    467,000

Same Period Last Week   484,000

Same Period Last year     482,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Boxed beef cutout values sharply lower on light demand and offerings. Select and Choice round cuts firm while chuck and loin cuts lower. Select and Choice rib cuts steady to weak.

Cutout Values:

Choice: 232.64… -2.53

Select:  222.12… -3.01

Choice/Select Spread: 10.52

Total Load Count: 115

        

Cutter Cow Cutout:

184.93… -1.24

   

CME Feeder Cattle Index for April 1st:

126.09... -3.73

   

Futures…

Live Cattle:

April: 92.82… -4.50

June: 83.07… -4.50

August: 84.60… -4.50

   

Feeder Cattle:

April: 110.67… -6.75

May: 111.65… -6.75

August: 117.65… -6.75

     

May Hogs: 44.70… -4.50

May Crude Oil: 25.32… +5.01

   

May Corn: 3.3350… -0.0125

May Soybeans: 8.5875… -0.0400

May Wheat: 5.4175… -0.0850

   

Grain Cash Bids:

Kansas City Corn: 3.31… -0.01

Kansas City Soybeans: 8.46… -0.04

Kansas City Wheat: 5.32… -0.08

   

Financial Markets:

DJIA: 21,413.44… +469.93

S & P 500: 2,526.90… +56.40

NASDAQ: 7,487.31… +126.73

U.S. Dollar Index: 100.15… +0.48