Apr 13 2020

Texas Daily Ag Market News Summary Posted 4 years 81 days ago by Administrator Account

Daily Market Summary for April 13^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 at 105.00. In Nebraska and the Western Cornbelt dressed cash trades moved at 168.00. A light test of cash trades was noted in all feeding regions.

   

Negotiated Sales:

Confirmed:         -0-

Week Ago:          -0-

Year Ago:           379

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 33,200

Weighted avg. weight:       860 lbs.

Weighted avg. net price:   177.39

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       92,000

Week ago (est)                  110,000

Year ago (act)                    122,000

Previous Day (est)

Steers & Heifers:  68,000

Cows & Bulls:        20,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 225.86... +1.93

Select:  211.40... +3.07

Choice/Select Spread: 14.46

Total Load Count: 113

        

Cutter Cow Cutout:

184.23… +0.43

   

CME Feeder Cattle Index for April 10^th:

116.22… +1.25

   

Futures…

Live Cattle:

April: 91.00… -3.00

June: 81.37… -3.00

August: 87.75… -3.00

   

Feeder Cattle:

April: 115.02… -4.50

May: 114.45… -4.50

August: 124.37… -4.50

     

May Hogs: 44.90… +2.10

May Crude Oil: 22.41… -0.35

   

May Corn: 3.3150… -0.0025

May Soybeans: 8.5425… +0.0925

May Wheat: 5.5500… -0.0150

   

Grain Cash Bids:

Kansas City Corn: 3.29… Unchanged

Kansas City Soybeans: 8.42… -0.09

Kansas City Wheat: 5.38… -0.02

   

Financial Markets:

DJIA: 23,390.77… -328.60

S & P 500: 2,761.63… -28.19

NASDAQ: 8,192.43… +38.85

U.S. Dollar Index: 99.42… -0.10