Apr 29 2020

Texas Daily Ag Market News Summary Posted 4 years 213 days ago by Administrator Account

Daily Market Summary for April 29^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 Wednesday, negotiated cash trading has been slow on light demand in Nebraska. Compared to last week live cash trades moved mostly steady at 95.00. Thus far for the week the bulk of dressed cash trades have moved steady to 10.00 lower at 150.00. Thus far for Wednesday in the Southern Plains and Western Cornbelt negotiated cash trading has been very limited on very light demand. A few live cash trades in the Texas Panhandle moved from 95.00 to 100.00. In Kansas a few live cash trades moved from 90.00 to 100.00. However, not enough for a full market trend. Last week live cash trades in the Texas Panhandle moved from 95.00 to 100.00. In Kansas live cash trades moved at 100.00. Not enough cash trades in the Western Cornbelt on Wednesday for a full market trend.  Thus far for the week dressed cash trades have moved steady from 150.00-160.00 when compared to the prior week. Thus far for the week a few live cash trades have moved unevenly steady from 93.00-101.00, with the bulk at 100.00, when compared to the previous week.

   

Negotiated Sales:

Confirmed:         8,016

Week Ago:          2,828

Year Ago:           40,842

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 13,700

Weighted avg. weight:       862 lbs.

Weighted avg. net price:   167.59

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       72,000

Week ago (est)                    85,000

Year ago (act)                    121,000

Week to Date                    221,000

Same Period Last Week   255,000

Same Period Last year     362,000

Previous Day (est)

Steers & Heifers:  50,000

Cows & Bulls:        22,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 357.38… +26.56

Select:  339.91… +19.03

Choice/Select Spread: 17.47

Total Load Count: 105

        

Cutter Cow Cutout:

196.72… +3.45

   

CME Feeder Cattle Index for April 27^th:

118.69… -1.03

       

Futures…

Live Cattle:

April: 85.60… +0.08

June: 84.27… -0.43

August: 90.77… +0.25

   

Feeder Cattle:

April: 119.55… -0.07

May: 118.55… +0.05

August: 128.45… +0.53

     

May Hogs: 56.27… +1.22

June Crude Oil: 15.06… +2.72

   

May Corn: 3.0450… +0.0175

May Soybeans: 8.3175… +0.0575

May Wheat: 5.1950… -0.0725

   

Grain Cash Bids:

Kansas City Corn: 3.09… +0.03

Kansas City Soybeans: 8.22… +0.03

Kansas City Wheat: 4.98… -0.08

   

Financial Markets:

DJIA: 24,633.86… +532.31

S & P 500: 2,939.51… +76.12

NASDAQ: 8,914.71… +306.98

U.S. Dollar Index: 99.51… -0.38