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Apr
14
2021
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Posted 2 years 168 days ago ago by Administrator Account
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Daily Market Summary for April 14th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in the Southern Plains, Colorado and Western Cornbelt. In Nebraska negotiated cash trading has been inactive with very light demand. Not enough purchases for a full market trend. Last week in the Southern Plains live purchases traded at 120.00. For the prior week in Nebraska live and dressed purchases traded mostly at 123.00 and 195.00, respectively. Last week in Colorado live purchases traded from 120.00-123.00. For the previous week in the Western Cornbelt live and dressed purchases traded mostly from 123.00-125.00 and 195.00-196.00, respectively.
Negotiated Sales:
Confirmed: 300
Week Ago: 32,172
Year Ago: 13,486
Formula Net
Dressed Steers & Heifers:
Head count priced today: 15,700
Weighted avg. weight: 863 lbs.
Weighted avg. net price: 195.00
Cattle Slaughter under Federal Inspection:
Wednesday (est) 115,000
Week ago (est) 120,000
Year ago (act) 90,000
Week to Date 343,000
Same Period Last Week 345,000
Same Period Last Year 273,000
Previous Day (est)
Steers & Heifers: 89,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 272.91… +2.80
Select: 267.31… +0.77
Choice/Select Spread: 5.60
Total Load Count: 108
Cutter Cow Cutout:
192.67… +1.77
CME Feeder Cattle Index for April 13th:
143.56… -0.10
Futures Settlements…
Live Cattle:
April: 122.10… -0.30
June: 120.05… 0.87
August: 120.17… -0.73
Feeder Cattle:
April: 141.15… -1.30
May: 145.42… -1.90
August: 156.70… -1.45
May Hogs: 106.57… +1.65
May Crude Oil: 63.15… +2.97
May Corn: 5.9400… +0.1400
May Wheat: 6.4800… +0.1825
Grain Cash Bids:
Kansas City Corn: 5.91… +0.14
Kansas City Wheat: 5.74… +0.19
Financial Markets:
DJIA: 33,731.82… +52.77
S & P 500: 4,124.71… -16.95
NASDAQ: 13,857.84… -137.26
U.S. Dollar Index: 91.66… -0.19