Apr 19 2021

Texas Daily Ag Market News Summary Posted 3 years 1 days ago by Administrator Account

Daily Market Summary for April 19^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded at 120.00. In Kansas live purchases traded from 120.00-121.00. For the prior week in Nebraska live and dressed purchases traded from 122.00-126.00 and at 196.00, respectively. In Colorado live purchases traded from 122.00-123.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 122.00-124.00 and from 194.00-196.00, respectively.

  

Negotiated Sales:

Confirmed:       164

Week Ago:        201

Year Ago:         None

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   35,500

Weighted avg. weight:        860 lbs.

Weighted avg. net price:     192.71

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                    112,000

Year ago (act)                        87,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 276.17… +0.12

Select:  269.13… +0.03

Choice/Select Spread: 7.04

Total Load Count: 91

            

Cutter Cow Cutout:

194.36… +3.36

   

CME Feeder Cattle Index for April 16^th:

140.13… -1.55

            

Futures Settlements…

Live Cattle:

April: 120.35… -0.50

June: 118.60… -0.57

August: 118.65… -0.50

   

Feeder Cattle:

April: 137.72… -1.90

May: 142.47… -1.25

August: 152.77… -1.78

     

May Hogs: 105.65… +3.18

May Crude Oil: 63.38… +0.25

   

May Corn: 5.9200… +0.0650

May Wheat: 6.5225… -0.0025

   

Grain Cash Bids:

Kansas City Corn: 5.89… +0.06

Kansas City Wheat: 5.82… +0.03

   

Financial Markets:

DJIA: 34,082.44… -118.23

S & P 500: 4,163.64… -21.83

NASDAQ: 13,914.77… -137.57

U.S. Dollar Index: 91.10… -0.46