Apr 01 2022

Texas Daily Ag Market News Summary Posted 2 years 36 days ago by Administrator Account

Daily Market Summary for April 1^st

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases in any region for an adequate market trend. In the Southern Plains on Wednesday live purchases traded at 138.00. In Nebraska on Thursday live and dressed purchases traded from 138.00-140.00 and at 222.00, respectively. In the Western Cornbelt on Thursday live and dressed purchases traded from 140.00-143.00 and at 222.00, respectively.

Negotiated Sales:

Confirmed:      3,286

Week Ago:       2,371

Year Ago:       25,294

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,600

Weighted avg. weight:        857.00

Weighted avg. net price:     221.66

 

Cattle Slaughter under Federal Inspection

Friday (est)                           109,000

Week ago (est)                     114,000

Year ago (act)                       115,000

Week to Date                       599,000

Same Period Last Week     602,000

Same Period Last Year       573,000

Thursday

Steers & Heifers:  93,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 267.14… -1.25

Select:  262.52… +0.18

Choice/Select Spread: 6.62

Total Load Count: 100

 

Cutter Cow Cutout:

229.44… +1.06

 

CME Feeder Cattle Index for March 31^st:

155.76… +0.35 / +0.23%

1 Year Change: +10.98%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 138.65… -0.72

June: 135.85… -1.27

August: 136.90… -1.17

 

Feeder Cattle:

April: 161.57… +0.17

May: 166.12… -0.43

August: 176.35… -1.22

 

April Hogs: 101.30… -0.45

May Crude Oil: 99.27… -1.01

 

May Corn: 7.3500… -0.1375

May Wheat: 9.8450… -0.2150

 

Grain Cash Bids:

Omaha Corn: 7.27… -0.11

Kansas City Wheat: 9.49… -0.16

 

Financial Markets:

DJIA: 34,818.14… +139.89

S & P 500: 4,545.80… +15.20

NASDAQ: 14,262.00… +10.46

U.S. Dollar Index: 98.59… +0.28