Apr 06 2020

Texas Daily Ag Market News Summary Posted 4 years 88 days ago by Administrator Account

Daily Market Summary for April 6^th

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

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all feeding regions. Last week in all feeding regions live cash trades moved mostly at 112.00. In Nebraska dressed cash trades ranged from 175.00-180.00. In the Western Cornbelt dressed cash trades ranged from 178.00-180.00. A light test was noted in all feeding regions.

   

Negotiated Sales:

Confirmed:      -0-

Week Ago:     183

Year Ago:    1,387

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  33,700

Weighted avg. weight:       866 lbs.

Weighted avg. net price:   190.00

        

Cattle Slaughter under Federal Inspection:

Monday (est)                    110,000

Week ago (est)                  117,000

Year ago (act)                    121,000

Previous Day (est)

Steers & Heifers:  83,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 230.05… -0.39

Select:  215.03… -0.81

Choice/Select Spread: 15.02

Total Load Count: 162

        

Cutter Cow Cutout:

185.04… -0.35

   

CME Feeder Cattle Index for April 3rd:

119.38… -1.69

   

Futures…

Live Cattle:

April: 83.82… -4.50

June: 80.30… -0.55

August: 84.82… +0.52

   

Feeder Cattle:

April: 110.42… +2.17

May: 109.30… +1.20

August: 116.50… +2.08

     

May Hogs: 41.12… +0.90

May Crude Oil: 26.08… -2.26

   

May Corn: 3.2775… -0.0300

May Soybeans: 8.5550… +0.0125

May Wheat: 5.5575… +0.0650

   

Grain Cash Bids:

Kansas City Corn: 3.25… -0.03

Kansas City Soybeans: 8.43… +0.01

Kansas City Wheat: 5.36… +0.06

   

Financial Markets:

DJIA: 22,679.99… +1,627.46

S & P 500: 2,663.68… +175.03

NASDAQ: 7,913.24… +540.16

U.S. Dollar Index: 100.79… +0.22