Apr 28 2021

Texas Daily Ag Market News Summary Posted 3 years 215 days ago by Administrator Account

Daily Market Summary for April 28^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading in the Texas Panhandle and Nebraska has been moderate with moderate demand. In the Texas Panhandle, compared to Tuesday, live purchases traded steady to 1.00 lower from 118.00-119.00. In Nebraska, compared to last week, live purchases traded 2.00-3.00 lower from 119.00-120.00 and dressed purchases traded 1.00-4.00 lower from 188.00-191.00. Thus far for Wednesday in Kansas, Colorado and Western Cornbelt negotiate cash trading has been slow on light demand. In Kansas a few live purchases traded from 118.00-119.00. In Colorado a few live purchases traded from 119.00-120.00. In the Western Cornbelt a few live and dressed purchases traded at 119.00 and 191.00, respectively. However, not enough purchases in these regions for a full market trend. In Kansas on Tuesday live purchases traded at 119.00. In Colorado on Monday live purchases traded at 119.00. Last week in the Western Cornbelt live purchases traded from 120.00-123.00 and dressed purchases traded at 192.00.

  

Negotiated Sales:

Confirmed:           38,755

Week Ago:            14,311

Year Ago:                2,828

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   12,500

Weighted avg. weight:        874 lbs.

Weighted avg. net price:     193.59

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 120,000

Week ago (est)                    120,000

Year ago (act)                        75,000

Week to Date                      358,000

Same Period Last Week    360,000

Same Period Last Year       227,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 292.50… +1.51

Select:  279.00… -0.53

Choice/Select Spread: 13.50

Total Load Count: 130

            

Cutter Cow Cutout:

197.24… +0.86

   

CME Feeder Cattle Index for April 27^th:

135.07… -0.15

            

Futures Settlements…

Live Cattle:

April: 118.95… +0.58

June: 115.45… -0.40

August: 116.47… -0.83

   

Feeder Cattle:

April: 133.87… -0.33

May: 134.97… -0.90

August: 148.90… -1.17

     

May Hogs: 111.27… +1.47

June Crude Oil: 63.86… +0.92

   

May Corn: 6.8625… -0.0925

May Wheat: 7.2525… -0.0850

   

Grain Cash Bids:

Kansas City Corn: 6.83… -0.10

Kansas City Wheat: 6.64… -0.15

   

Financial Markets:

DJIA: 33,823.34… -159.48

S & P 500: 4,183.45… -3.12

NASDAQ: 14,051.03… -39.19

U.S. Dollar Index: 90.62… -0.29