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Apr
05
2022

Texas Daily Ag Market News Summary

Posted 235 days ago ago by Administrator Account

Daily Market Summary for April 5th

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 Tuesday in Nebraska, negotiated cash trading and demand have been moderate. Compared to last week live and dressed purchases traded steady from 138.00-140.00 and at 222.00, respectively. In Kansas and Western Cornbelt negotiated cash trading has been slow on light demand. In Kansas not enough purchases for a market trend. Monday was the last reported market with live purchases at 138.00. In the Western Cornbelt, compared to last week, live purchases traded unevenly steady at 140.00. Not enough dressed purchases for a market trend.

Last week dressed purchases traded at 222.00. Thus far for Tuesday in the Texas Panhandle and Colorado negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. Monday was the last reported market in the Texas Panhandle with live purchases at 138.00. In Colorado on Monday a few live purchases traded at 138.00.

Negotiated Sales:

Confirmed:      28,123

Week Ago:            190

Year Ago:            1,281

Formula Net - Dressed Steers & Heifers:

Head count priced today:   16,100

Weighted avg. weight:        857.00

Weighted avg. net price:     221.75

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       125,000

Week ago (est)                     125,000

Year ago (act)                       119,000

Week to Date                       246,000

Same Period Last Week     244,000

Same Period Last Year       225,000

Monday

Steers & Heifers:  94,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 271.53… +3.49

Select:  262.90… +1.20

Choice/Select Spread: 8.63

Total Load Count: 123

 

Cutter Cow Cutout:

229.10… -0.69

 

CME Feeder Cattle Index for April 4th:

155.76… -0.39 / -0.25%

1 Year Change: +11.42%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 136.80… -1.20

June: 133.32… -1.60

August: 134.65… -1.55

 

Feeder Cattle:

April: 156.12… -2.25

May: 159.00… -3.47

August: 171.37… -2.73

 

May Hogs: 107.75… -1.55

May Crude Oil: 101.96… -1.32

 

May Corn: 7.5975… +0.0925

May Wheat: 10.4525… +0.3500

 

Grain Cash Bids:

Omaha Corn: 7.53… +0.09

Kansas City Wheat: 10.19… +0.45

 

Financial Markets:

DJIA: 34,642.36… -266.71

S & P 500: 4,525.65… -57.00

NASDAQ: 14,190.06… -332.19

U.S. Dollar Index: 99.52… +0.52