Apr 16 2020

Texas Daily Ag Market News Summary Posted 4 years 78 days ago by Administrator Account

Daily Market Summary for April 16^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been at a standstill in the Texas Panhandle. In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been limited on very light demand. In Nebraska and Western Cornbelt a few dressed trades moved at 155.00. However, 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:      4,546

Week Ago:       1,936

Year Ago:       53,033

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 22,800

Weighted avg. weight:       886 lbs.

Weighted avg. net price:   174.94

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     92,000

Week ago (est)                    99,000

Year ago (act)                    122,000

Week to Date                    376,000

Same Period Last Week   417,000

Same Period Last year     488,000

Previous Day (est)

Steers & Heifers:  69,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 235.87… +5.34

Select:  225.98… +3.76

Choice/Select Spread: 9.89

Total Load Count: 137

        

Cutter Cow Cutout:

182.70… -0.94

   

CME Feeder Cattle Index for April 15th:

114.56... +0.33

     

Futures…

Live Cattle:

April: 95.50… +0.78

June: 86.47… +1.65

August: 90.65… +1.13

   

Feeder Cattle:

April: 118.25… +2.45

May: 118.47… +2.90

August: 128.62… +1.90

     

May Hogs: 37.32… -2.13

May Crude Oil: 19.87… Unchanged

   

May Corn: 3.1975… +0.0050

May Soybeans: 8.3675… -0.0525

May Wheat: 5.2975… -0.1050

   

Grain Cash Bids:

Kansas City Corn: 3.18… Unchanged

Kansas City Soybeans: 8.29… -0.06

Kansas City Wheat: 5.13… -0.10

   

Financial Markets:

DJIA: 23,537.68... +33.33

S & P 500: 2,799.55... +16.19

NASDAQ: 8,532.36... +139.18

U.S. Dollar Index: 100.01... +0.55