Apr 07 2021

Texas Daily Ag Market News Summary Posted 3 years 236 days ago by Administrator Account

Daily Market Summary for April 7^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading and demand have been moderate in the Southern Plains with live purchases 3.00 higher compared to last week at 120.00. In Nebraska, negotiated cash trading has been light on light to moderate demand with a few live purchases from 121.00-123.00, however not enough live or dressed purchases in any one price range for a full market trend.  Last week in Nebraska live and dressed purchases traded at 118.00 and 190.00 respectfully. In Colorado negotiated cash trading has been limited on light demand with a few live purchases from 120.00-123.00, however not enough for a full market trend. The last reported market in Colorado was two weeks ago with live purchases at 116.00. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand, not enough purchases for a full market trend. Last week in the Western Cornbelt live and dressed purchases traded from 118.00-120.00 and 188.00-190.00 respectfully.

 

Negotiated Sales:

Confirmed:       32,258

Week Ago:          2,821

Year Ago:          13,486

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   18,500

Weighted avg. weight:        842 lbs.

Weighted avg. net price:     187.17

       

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 120,000

Week ago (est)                    119,000

Year ago (act)                      101,000

Week to Date                      345,000

Same Period Last Week     358,000

Same Period Last Year       313,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        11,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 266.31… +3.54

Select:  255.19… +3.89

Choice/Select Spread: 11.12

Total Load Count: 117

            

Cutter Cow Cutout:

191.55… +1.13

   

CME Feeder Cattle Index for April 6^th:

139.98… +0.28

            

Futures Settlements…

Live Cattle:

April: 123.15… +0.40

June: 125.27… +0.65

August: 124.12… +0.70

   

Feeder Cattle:

April: 147.62… +1.15

May: 152.67… +0.90

August: 161.87… +0.92

     

April Hogs: 102.87… +0.77

May Crude Oil: 59.77… +0.44

   

May Corn: 5.6050… +0.0625

May Wheat: 6.1625… +0.0075

   

Grain Cash Bids:

Kansas City Corn: 5.58… +0.07

Kansas City Wheat: 5.33… +0.07

   

Financial Markets:

DJIA: 33,446.26… +16.02

S & P 500: 4,079.85… +5.91

NASDAQ: 13,688.84… -9.54

U.S. Dollar Index: 92.44… +0.10