Apr 30 2021

Texas Daily Ag Market News Summary Posted 3 years 213 days ago by Administrator Account

Daily Market Summary for April 30^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 Friday, negotiated cash trading has been mostly inactive on light demand in 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, Kansas and Colorado. 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:             2,600

Week Ago:              1,402

Year Ago:                7,881

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   30,500

Weighted avg. weight:        855 lbs.

Weighted avg. net price:     193.07

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           115,000

Week ago (est)                    113,000

Year ago (act)                        81,000

Week to Date                      592,000

Same Period Last Week    591,000

Same Period Last Year      391,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 296.50… +2.74

Select:  283.05… +3.26

Choice/Select Spread: 13.45

Total Load Count: 78

            

Cutter Cow Cutout:

197.89… +0.59

   

CME Feeder Cattle Index for April 29^th:

134.13… -0.94

              

Futures Settlements…

Live Cattle:

April: 116.00… -3.47

June: 116.57… +0.52

August: 118.62… +1.22

   

Feeder Cattle:

May: 133.60… -2.25

August: 146.75… -3.12

September: 149.27… -2.35

     

May Hogs: 110.12… +1.40

June Crude Oil: 63.58… -1.43

   

May Corn: 7.4000… +0.38

May Wheat: 7.4250… +0.0500

   

Grain Cash Bids:

Kansas City Corn: 6.95… +0.25

Kansas City Wheat: 6.79… +0.15

   

Financial Markets:

DJIA: 33,879.00… -186.60

S & P 500: 4,181.21… 30.41

NASDAQ: 13,962.68… -119.52

U.S. Dollar Index: 91.30… +0.70