Apr 28 2020

Texas Daily Ag Market News Summary Posted 4 years 214 days ago by Administrator Account

Daily Market Summary for April 28^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 Tuesday, negotiated cash trading has been at a standstill in the Southern Plains. Last week live cash trades in the Texas Panhandle moved from 95.00-100.00. In Kansas live cash trades moved at 100.00. Thus far for Tuesday in Nebraska and Western Cornbelt negotiated cash trading been limited on light demand. In Nebraska a few live and dressed cash trades moved from 94.00-95.00 and at 150.00, respectively. However, not enough trades for a full market trend. Last week live cash trades moved mostly at 95.00 and dressed cash trades moved from 150.00-160. For Tuesday in the Western Cornbelt a few dressed cash trades moved at 150.00. The last fully reported market was on Monday with trades mostly at 160.00. Not enough live trades for a full market trend. Last week live cash trades moved mostly at 95.00.

   

Negotiated Sales:

Confirmed:         5,968

Week Ago:        13,820

Year Ago:             9,510

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 17,100

Weighted avg. weight:       876 lbs.

Weighted avg. net price:   168.47

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       76,000

Week ago (est)                    84,000

Year ago (act)                    121,000

Week to Date                    153,000

Same Period Last Week   170,000

Same Period Last year     241,000

Previous Day (est)

Steers & Heifers:  58,000

Cows & Bulls:        19,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 330.82… +18.98

Select:  320.88… +22.10

Choice/Select Spread: 9.94

Total Load Count: 99

        

Cutter Cow Cutout:

193.27… +1.63

   

CME Feeder Cattle Index for April 27^th:

118.69… -1.03

       

Futures…

Live Cattle:

April: 85.52… +0.72

June: 84.70… +0.65

August: 90.52… +0.12

   

Feeder Cattle:

April: 119.62… -0.78

May: 118.50… +0.35

August: 127.92… +0.65

     

May Hogs: 55.05… -1.22

June Crude Oil: 16.34… -0.44

   

May Corn: 3.0275… -0.0275

May Soybeans: 8.2600… -0.0300

May Wheat: 5.2675… +0.0575

   

Grain Cash Bids:

Kansas City Corn: 3.06… -0.04

Kansas City Soybeans: 8.19… -0.03

Kansas City Wheat: 5.06… +0.03

   

Financial Markets:

DJIA: 24,101.55… -32.23

S & P 500: 2,863.39… -15.09

NASDAQ: 8,607.73… -122.43

U.S. Dollar Index: 99.89… -0.15