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Apr
11
2022

Texas Daily Ag Market News Summary

Posted 293 days ago ago by Administrator Account

Daily Market Summary for April 11th

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 at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. Last week in the Southern Plains and Colorado live purchases traded at 138.00. In Nebraska live and dressed purchases traded from 138.00-140.00 and dressed at 222.00, respectively. In the Western Cornbelt live and dressed purchases traded at 140.00 and at 222.00, respectively.

Negotiated Sales:

Confirmed:        1,710

Week Ago:         9,657

Year Ago:              201

Formula Net - Dressed Steers & Heifers:

Head count priced today:    36,000

Weighted avg. weight:        853.00

Weighted avg. net price:     220.92

 

Cattle Slaughter under Federal Inspection

Monday (est)                        124,000

Week ago (est)                     121,000

Year ago (act)                       113,000

Monday

Steers & Heifers:  91,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 272.11… +1.64

Select:  260.29… -0.04

Choice/Select Spread: 11.82

Total Load Count: 82

 

Cutter Cow Cutout:

227.10… -0.76

 

CME Feeder Cattle Index for April 8th:

155.81… -0.20 / -0.13%

1 Year Change: +8.68%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 138.52… +0.70

June: 134.80… +0.98

August: 136.62… +0.77

 

Feeder Cattle:

April: 156.65… +0.10

May: 159.90… +0.53

August: 173.30… -0.25

 

May Hogs: 109.00… +0.58

May Crude Oil: 94.29… +3.97

 

May Corn: 7.6450… -0.0425

May Wheat: 10.8125… +0.2975

 

Grain Cash Bids:

Omaha Corn: 7.64… -0.02

Kansas City Wheat: 10.81… +0.36

 

Financial Markets:

DJIA: 34,303.43… -419.60

S & P 500: 4,410.59… -78.09

NASDAQ: 13,413.75… -297.25

U.S. Dollar Index: 99.97… +0.17