Apr 09 2020

Texas Daily Ag Market News Summary Posted 4 years 85 days ago by Administrator Account

Daily Market Summary for April 9^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been at a standstill in the Southern Plains and Western Cornbelt. In Nebraska negotiated cash trading has been inactive on very light demand. Not enough trades in any feeding region for a market trend. The last reported market in the Southern Plains was on Wednesday with live cash trades at 105.00. The last reported dressed cash trade market was on Wednesday in Nebraska and Western Cornbelt with trades at 168.00. A light test was noted in all regions. Last week in Nebraska and Western Cornbelt live cash trades moved at 112.00.

   

Negotiated Sales:

Confirmed:     1,936

Week Ago:      2,159

Year Ago:           995

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 32,100

Weighted avg. weight:       877 lbs.

Weighted avg. net price:   183.67

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                    99,000

Week ago (est)                  115,000

Year ago (act)                    112,000

Week to Date                    417,000

Same Period Last Week   467,000

Same Period Last year     475,000

Previous Day (est)

Steers & Heifers:  78,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 222.67… +0.33

Select:  207.57… -4.20

Choice/Select Spread: 15.10

Total Load Count: 160

        

Cutter Cow Cutout:

184.25… +2.20

   

CME Feeder Cattle Index for April 7th:

116.79… -0.26

   

Futures…

Live Cattle:

April: 94.00… +1.18

June: 84.37… -2.30

August: 90.75… -1.45

   

Feeder Cattle:

April: 119.52… -0.35

May: 118.95… -0.42

August: 128.87… +1.32

     

May Hogs: 42.80… -0.32

May Crude Oil: 22.76… -2.33

   

May Corn: 3.3175… +0.0175

May Soybeans: 8.6350… +0.0900

May Wheat: 5.5650… +0.0825

   

Grain Cash Bids:

Kansas City Corn: 3.29… +0.02

Kansas City Soybeans: 8.51… +0.09

Kansas City Wheat: 5.40… +0.09

   

Financial Markets:

DJIA: 23,719.37… +285.80

S & P 500: 2,789.82… +39.84

NASDAQ: 8,153.58… +62.68

U.S. Dollar Index: 99.54… -0.58