Apr 20 2021

Texas Daily Ag Market News Summary Posted 3 years 223 days ago by Administrator Account

Daily Market Summary for April 20^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 Tuesday in the Southern and Northern Plains, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough trades 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 purchases and dressed purchases traded from 122.00-124.00 and from 194.00-196.00, respectively.

  

Negotiated Sales:

Confirmed:         74

Week Ago:        218

Year Ago:          424

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,800

Weighted avg. weight:        872 lbs.

Weighted avg. net price:     198.80

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       121,000

Week ago (est)                    116,000

Year ago (act)                        85,000

Week to Date                      240,000

Same Period Last Week    228,000

Same Period Last Year     172,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 278.26… +2.09

Select:  270.47… +1.34

Choice/Select Spread: 7.79

Total Load Count: 91

            

Cutter Cow Cutout:

194.42… -0.44

   

CME Feeder Cattle Index for April 19^th:

138.48… -1.65

            

Futures Settlements…

Live Cattle:

April: 120.57… +0.22

June: 119.20… +0.60

August: 119.40… +0.75

   

Feeder Cattle:

April: 137.57… -0.15

May: 142.77… +0.30

August: 154.52… +1.75

     

May Hogs: 108.07… +2.42

May Crude Oil: 62.44… -0.94

   

May Corn: 6.0650… +0.1450

May Wheat: 6.5975… +0.0750

   

Grain Cash Bids:

Kansas City Corn: 6.04… +0.15

Kansas City Wheat: 5.91… +0.09

   

Financial Markets:

DJIA: 33,802.51… -261.93

S & P 500: 4,136.21… -27.43

NASDAQ: 13,790.45… -124.32

U.S. Dollar Index: 91.19… +0.12