Apr 21 2021

Texas Daily Ag Market News Summary Posted 3 years 5 days ago by Administrator Account

Daily Market Summary for April 21^st

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Slaughter Cattle:

As of 3:00 PM Wednesday in the Southern Plains, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In the Texas Panhandle, compared to the prior week, live purchases traded mostly steady at 120.00. In Kansas, compared to last week, live purchases traded 1.00 lower from 119.00-120.00. A light test was noted in the Southern Plains. In Nebraska and Western Cornbelt a few live purchases traded at 123.00. However, not enough purchases for a full market trend in either region. For the prior week in Nebraska live and dressed purchases traded from 122.00-126.00 and at 196.00, respectively. 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. So far for Wednesday in Colorado negotiated cash trading has been at a standstill. Last week live purchases traded from 122.0-120.00.

  

Negotiated Sales:

Confirmed:        14,311

Week Ago:              300

Year Ago:               931

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,200

Weighted avg. weight:        850 lbs.

Weighted avg. net price:     195.53

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 120,000

Week ago (est)                    115,000

Year ago (act)                        86,000

Week to Date                      360,000

Same Period Last Week     343,000

Same Period Last Year       258,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 280.46… +2.20

Select:  271.88… +1.41

Choice/Select Spread: 8.58

Total Load Count: 114

            

Cutter Cow Cutout:

195.84… +1.42

   

CME Feeder Cattle Index for April 20^th:

138.33… -0.15

            

Futures Settlements…

Live Cattle:

April: 119.77… -0.80

June: 117.25… -1.95

August: 117.97… -1.43

   

Feeder Cattle:

April: 135.10… -2.47

May: 139.60… -3.17

August: 151.92… -2.60

     

May Hogs: 107.60… -0.47

June Crude Oil: 61.35… -1.32

   

May Corn: 6.2550… +0.1900

May Wheat: 6.7325… +0.1350

   

Grain Cash Bids:

Kansas City Corn: 6.23… +0.19

Kansas City Wheat: 6.01… +0.10

   

Financial Markets:

DJIA: 34,139.02… +318.51

S & P 500: 4,173.54… +37.33

NASDAQ: 13,950.22… +159.77

U.S. Dollar Index: 91.12… -0.12