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Apr
08
2022

Texas Daily Ag Market News Summary

Posted 232 days ago ago by Administrator Account

Daily Market Summary for April 8th

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 in Kansas, Northern Plains and Western Cornbelt has been mostly inactive on light demand. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases in any region for a full market trend. Tuesday was the last reported market in all regions. In the Southern Plains live purchases traded from 137.00-138.00. 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 at 140.00 and at 222.00, respectively. In Colorado live purchases traded at 138.00.

Negotiated Sales:

Confirmed:        2,909

Week Ago:         3,286

Year Ago:           6,356

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,600

Weighted avg. weight:        850.00

Weighted avg. net price:     222.55

 

Cattle Slaughter under Federal Inspection

Friday (est)                           120,000

Week ago (est)                     109,000

Year ago (act)                       112,000

Week to Date                       615,000

Same Period Last Week     599,000

Same Period Last Year       578,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 270.47… -0.53

Select:  260.33… -0.89

Choice/Select Spread: 10.14

Total Load Count: 92

 

Cutter Cow Cutout:

227.86… +0.12

 

CME Feeder Cattle Index for April 7th:

156.0… +0.42 / +0.27%

1 Year Change: +10.03%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 137.82… -0.18

June: 133.82… -0.28

August: 135.85… -0.25

 

Feeder Cattle:

April: 156.55… +0.15

May: 159.37… -0.10

August: 173.55… -0.72

 

May Hogs: 108.42… +0.10

May Crude Oil: 98.26… +2.23

 

May Corn: 7.6875… +0.1100

May Wheat: 10.5150… +0.3150

 

Grain Cash Bids:

Omaha Corn: 7.65… +0.10

Kansas City Wheat: 10.44… +0.36

 

Financial Markets:

DJIA: 34,723.03… +139.00

S & P 500: 4,488.68… -11.70

NASDAQ: 13,711.00… -186.57

U.S. Dollar Index: 99.83… +0.08