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Apr
04
2022

Texas Daily Ag Market News Summary

Posted 236 days ago ago by Administrator Account

Daily Market Summary for April 4th

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 Monday, negotiated cash trading has been slow with light demand in the Southern Plains. A few early live purchases traded steady at 138.00, when compared to last week. In Nebraska and Western Cornbelt negotiated cash trading was limited on light demand. Not enough purchases in these regions for a market trend. In Nebraska live and dressed purchases traded from 138.00-140.00 and at 222.00, respectively. In the Western Cornbelt live and dressed purchases traded from 139.00-143.00 and at 222.00, respectively.

Negotiated Sales:

Confirmed:      9,657

Week Ago:       None

Year Ago:            180

Formula Net - Dressed Steers & Heifers:

Head count priced today:   39,300

Weighted avg. weight:        855.00

Weighted avg. net price:     220.75

 

Cattle Slaughter under Federal Inspection

Monday (est)                       121,000

Week ago (est)                     119,000

Year ago (act)                       105,000

Friday

Steers & Heifers:  82,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 268.04… +0.90

Select:  261.70… -0.82

Choice/Select Spread: 6.34

Total Load Count: 63

 

Cutter Cow Cutout:

229.79… +0.35

 

CME Feeder Cattle Index for April 1st:

156.15… +0.10 / +0.06%

1 Year Change: +11.70%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 138.00… -0.65

June: 134.92… -0.93

August: 136.20… -0.70

 

Feeder Cattle:

April: 158.37… +3.20

May: 162.47… +3.65

August: 174.10… -2.25

 

May Hogs: 109.30… -3.87

May Crude Oil: 103.28… -4.01

 

May Corn: 7.5050… +0.1550

May Wheat: 10.1025… +0.2575

 

Grain Cash Bids:

Omaha Corn: 7.44… +0.17

Kansas City Wheat: 9.74… +0.25

 

Financial Markets:

DJIA: 34,909.07… +90.93

S & P 500: 4,582.65… +36.85

NASDAQ: 14,522.25… +260.25

U.S. Dollar Index: 98.99… +0.36