Apr 01 2021

Texas Daily Ag Market News Summary Posted 3 years 242 days ago by Administrator Account

Daily Market Summary for April 1^st

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Slaughter Cattle:

As of 3:00 PM Thursday in Kansas, negotiated cash trading and demand has been moderate.  Compared to last week live purchases traded 2.00 higher at 117.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. A few live purchases traded at 118.00. In the Texas Panhandle and Northern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. Last week in the Texas Panhandle live purchases traded at 115.00. For the prior week in the Northern Plains live purchases traded mostly at 116.00 and dressed purchases, in Nebraska, traded at 185.00. For the previous week in the Western Cornbelt live purchases traded from 115.00-117.00 and dressed purchases traded at mostly at 185.00.

 

Negotiated Sales:

Confirmed:    15,270

Week Ago:     19,265

Year Ago:        9,861

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   31,800

Weighted avg. weight:        862 lbs.

Weighted avg. net price:     187.92

                 

Cattle Slaughter under Federal Inspection:

Thursday (est)                     113,000

Week ago (est)                    121,000

Year ago (act)                      115,000

Week to Date                      471,000

Same Period Last Week     475,000

Same Period Last Year       470,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 249.97… +2.85

Select:  244.70… +6.57

Choice/Select Spread: 5.27

Total Load Count: 125

            

Cutter Cow Cutout:

188.87… +0.99

   

CME Feeder Cattle Index for March 31^st:

140.35… +0.44

            

Futures Settlements…

Live Cattle:

April: 120.02… -0.95

June: 122.55… -0.35

August: 121.52… -0.45

   

Feeder Cattle:

April: 143.87… Unchanged

May: 149.22… -0.18

August: 158.00… +0.73

     

April Hogs: 101.77… +0.72

May Crude Oil: 61.45… +2.29

   

May Corn: 5.5975… -0.0450

May Wheat: 6.1100… -0.0700

   

Grain Cash Bids:

Kansas City Corn: 5.57… -0.04

Kansas City Wheat: 5.35… -0.11

   

Financial Markets:

DJIA: 33,153.21… +171.72

S & P 500: 4,019.86… +46.83

NASDAQ: 13,480.11… +233.24

U.S. Dollar Index: 92.91… -0.32