Apr 29 2021

Texas Daily Ag Market News Summary Posted 3 years 214 days ago by Administrator Account

Daily Market Summary for April 29^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 Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle and Colorado. In the Southern Plains on Wednesday, live purchases traded from 118.00-119.00 in the Texas Panhandle and at 118.00 in Kansas. On Wednesday in Nebraska, live purchases traded from 119.00-120.00 and dressed purchases traded from 190.00-191.00. On Monday in Colorado live purchases traded at 119.00. On Wednesday in the Western Cornbelt live purchases traded at 119.00 and dressed purchases traded from 190.00-191.00.

  

Negotiated Sales:

Confirmed:             5,390

Week Ago:            22,156

Year Ago:               6,390

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   27,900

Weighted avg. weight:        864 lbs.

Weighted avg. net price:     195.01

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                     119,000

Week ago (est)                    118,000

Year ago (act)                        83,000

Week to Date                      477,000

Same Period Last Week    478,000

Same Period Last Year      310,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 293.76… 1.26

Select:  279.79… +0.79

Choice/Select Spread: 13.97

Total Load Count: 125

            

Cutter Cow Cutout:

197.30… +0.06

   

CME Feeder Cattle Index for April 27^th:

135.07… -0.15

 

CME Lean Hog Index for April 27^th: 

107.01… -0.38

            

Futures Settlements…

Live Cattle:

April: 119.47… +0.52

June: 116.05… +0.60

August: 117.40… +0.93

   

Feeder Cattle:

April: 134.47… +0.60

May: 135.85… +0.88

August: 149.87… +0.97

     

May Hogs: 108.72… -2.55

June Crude Oil: 65.01… +1.15

   

May Corn: 7.0200… +0.1575

May Wheat: 7.3750… +0.1225

   

Grain Cash Bids:

Kansas City Corn: 6.99… +0.16

Kansas City Wheat: 6.64… Unchanged

   

Financial Markets:

DJIA: 34,062.60… +239.26

S & P 500: 4,211.62… +28.17

NASDAQ: 14,082.20… +31.17

U.S. Dollar Index: 90.60… -0.01