Apr 30 2020

Texas Daily Ag Market News Summary Posted 4 years 212 days ago by Administrator Account

Daily Market Summary for April 30^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been very limited on very light demand in the Southern Plains. In the Texas Panhandle a very few live trades moved at 95.00. In Kansas a very few live trades moved at 96.00. Not enough trades 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. So far for Thursday in Nebraska and Western Cornbelt negotiated cash trading has been slow with light to moderate demand. In Nebraska a few live trades moved from 93.75 to 95.00 and dressed trades moved from 150.00 to 160.00. However, not enough for a full market trend. Thus far for the week the bulk of live and dressed trades have been at 95.00 and 150.00, respectively. In the Western Cornbelt, for Thursday, a few live trades moved from 95.00 to 100.00 and dressed trades moved from 147.00 to 160.00. However, not enough for a full market trend. Thus far for the week the bulk of live and dressed trades have been from 90.00 to 100.00 and 150.00 to 160.00, respectively.

   

Negotiated Sales:

Confirmed:         6,390

Week Ago:        18,188

Year Ago:            9,719

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 16,400

Weighted avg. weight:       872 lbs.

Weighted avg. net price:   164.60

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     80,000

Week ago (est)                   84,000

Year ago (act)                    123,000

Week to Date                    301,000

Same Period Last Week   339,000

Same Period Last year     485,000

Previous Day (est)

Steers & Heifers:  50,000

Cows & Bulls:        22,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 367.56… +10.18

Select:  350.16… +10.25

Choice/Select Spread: 17.40

Total Load Count: 111

        

Cutter Cow Cutout:

198.16… +1.44

   

CME Feeder Cattle Index for April 29^th:

118.79… -0.04

       

Futures…

Live Cattle:

April: 90.00… +4.40

June: 85.95… +1.68

August: 92.10… +1.33

   

Feeder Cattle:

April: 119.17… -0.38

May: 117.10… -1.45

August: 126.50… -1.95

     

May Hogs: 59.12… +2.85

June Crude Oil: 18.84… +3.78

   

May Corn: 3.1150… +0.0700

May Soybeans: 8.5025… +0.1850

May Wheat: 5.2975… +0.1025

   

Grain Cash Bids:

Kansas City Corn: 3.16… +0.07

Kansas City Soybeans: 8.40… +0.18

Kansas City Wheat: 5.07… +0.09

   

Financial Markets:

DJIA: 24,331.45… -302.41

S & P 500: 2,911.97… -27.54

NASDAQ: 8,889.55… -25.16

U.S. Dollar Index: 99.02… -0.55