Apr 20 2020

Texas Daily Ag Market News Summary Posted 4 years 222 days ago by Administrator Account

Daily Market Summary for April 20^th

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

---

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any region was last week, with the bulk of live purchases in the Southern Plains at 105.00 on a light test. In Nebraska last week, live purchases traded from 94.00-105.00 with dressed purchases from 155.00-168.00 on a light test. For the previous week in the Western Cornbelt, live purchases traded from 95.00-105.00 with dressed purchases from 150.00-168.00 on a light test.

   

Negotiated Sales:

Confirmed:      -0-

Week Ago:       -0-

Year Ago:        176

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 28,700

Weighted avg. weight:       857 lbs.

Weighted avg. net price:   169.30

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       90,000

Week ago (est)                    92,000

Year ago (act)                    113,000

Previous Day (est)

Steers & Heifers:  64,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 246.82… +7.83

Select:  236.03… +8.83

Choice/Select Spread: 10.79

Total Load Count: 65

        

Cutter Cow Cutout:

185.21… +2.28

   

CME Feeder Cattle Index for April 16^th:

115.75… +1.19

     

Futures…

Live Cattle:

April: 93.52… -1.13

June: 85.10… -1.20

August: 90.10… -1.00

   

Feeder Cattle:

April: 118.32… -1.20

May: 117.27… -2.00

August: 127.65… -0.75

     

May Hogs: 40.60… +2.68

May Crude Oil: -37.63… -55.90

   

May Corn: 3.1425… -0.0800

May Soybeans: 8.2650… -0.0600

May Wheat: 5.4875… +0.1525

   

Grain Cash Bids:

Kansas City Corn: 3.16… -0.08

Kansas City Soybeans: 8.19… -0.06

Kansas City Wheat: 5.28… +0.14

   

Financial Markets:

DJIA: 23,650.44… -592.05

S & P 500: 2,823.16… -51.40

NASDAQ: 8,560.73… -89.41

U.S. Dollar Index: 99.97… +0.20