Apr 15 2020

Texas Daily Ag Market News Summary Posted 4 years 79 days ago by Administrator Account

Daily Market Summary for April 15^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been very limited on very light demand. Not enough trades for a market trend. 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:         931

Week Ago:     13,846

Year Ago:       30,050

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 17,200

Weighted avg. weight:       858 lbs.

Weighted avg. net price:   174.04

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                93,000

Week ago (est)                  102,000

Year ago (act)                    121,000

Week to Date                    284,000

Same Period Last Week   318,000

Same Period Last year     366,000

Previous Day (est)

Steers & Heifers:  75,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 230.53… +3.86

Select:  222.22… +6.45

Choice/Select Spread: 8.31

Total Load Count: 112

        

Cutter Cow Cutout:

183.64… +0.71

   

CME Feeder Cattle Index for April 14th:

114.23... -0.30

     

Futures…

Live Cattle:

April: 94.72… +1.02

June: 84.82… +1.02

August: 89.52… Unchanged

   

Feeder Cattle:

April: 115.80… -0.60

May: 115.57… +0.72

August: 126.72… +0.37

     

May Hogs: 45.60… -0.05

May Crude Oil: 19.87… -0.24

   

May Corn: 3.1925… -0.0675

May Soybeans: 8.4200… -0.0500

May Wheat: 5.4025… -0.0850

   

Grain Cash Bids:

Kansas City Corn: 3.18… -0.06

Kansas City Soybeans: 8.35… Unchanged

Kansas City Wheat: 5.23… -0.09

   

Financial Markets:

DJIA: 23,504.35… -445.41

S & P 500: 2,783.36… -62.70

NASDAQ: 8,393.18… -182.56

U.S. Dollar Index: 99.54… +0.65