Apr 16 2021

Texas Daily Ag Market News Summary Posted 3 years 227 days ago by Administrator Account

Daily Market Summary for April 16^th

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Slaughter Cattle:

As of 3:00 PM Friday in Colorado, negotiated cash trading has been limited on light demand. Compared to last week live purchases traded unevenly steady at 122.00. So far for Friday the Southern Plains and Nebraska negotiated cash trading has been mostly inactive on light demand. In the Western Cornbelt negotiated cash trading has been slow on light demand, with a few live purchases at 123.00. However, not enough purchases in these regions for a market trend. Thursday was the last fully reported market in these regions. In the Texas Panhandle live purchases traded at 120.00. In Kansas live purchases traded from 120.00-121.00. In Nebraska live and dressed purchases traded from 123.00-142.00 and 196.00, respectively. In the Western Cornbelt live and dressed purchases traded from 122.00-124.00 and 194.00-196.00, respectively.

  

Negotiated Sales:

Confirmed:     10,967

Week Ago:        6,356

Year Ago:         1,937

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,400

Weighted avg. weight:        847 lbs.

Weighted avg. net price:     194.27

                 

Cattle Slaughter under Federal Inspection:

Friday (est)                           113,000

Week ago (est)                    111,000

Year ago (act)                        86,000

Week to Date                       640,000

Same Period Last Week     641,000

Same Period Last Year       486,000

Previous Day (est)

Steers & Heifers:  86,000

Cows & Bulls:        28,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 276.05… -0.57

Select:  269.10… +0.67

Choice/Select Spread: 6.95

Total Load Count: 88

            

Cutter Cow Cutout:

191.50… -1.67

   

CME Feeder Cattle Index for April 15^th:

141.68… -0.62

            

Futures Settlements…

Live Cattle:

April: 120.85… -0.75

June: 119.17… -0.48

August: 119.15… -0.55

   

Feeder Cattle:

April: 139.62… -0.43

May: 143.72… -0.70

August: 154.55… -1.05

     

May Hogs: 102.47… -1.10

May Crude Oil: 63.13… -0.33

   

May Corn: 5.8550… -0.0450

May Wheat: 6.5250… -0.0125

   

Grain Cash Bids:

Kansas City Corn: 5.83… -0.04

Kansas City Wheat: 5.79… +0.01

   

Financial Markets:

DJIA: 34,200.67… +164.62

S & P 500: 4,185.47… +15.02

NASDAQ: 14,052.34… +22.10

U.S. Dollar Index: 91.55… -0.14