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Apr
13
2022

Texas Daily Ag Market News Summary

Posted 291 days ago ago by Administrator Account

Daily Market Summary for April 13th

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 Wednesday negotiated cash trading has been slow with light to moderate demand in the Southern Plains, Nebraska and Western Cornbelt. In the Southern Plains live purchases traded steady at 139.00, when compared to the last reported market on Tuesday. In Nebraska dressed purchases traded 1.00 higher at 226.00, when compared to the last reported market on Tuesday, with a few up to 231.00. Not enough live purchases for a market trend. Tuesday saw live purchases from 140.00-142.00. In the Western Cornbelt dressed purchases traded 4.00 higher at 226.00, when compared to last week, with a few up to 230.00. A few live purchases traded steady to 1.00 higher at 143.00, when compared to the last reported market on Tuesday, with a few up to 145.00. Thus far for Wednesday in Colorado negotiated cash trading has been at a standstill. The last reported market was on Tuesday with live purchases from 140.00-142.00.

Negotiated Sales:

Confirmed:        17,965

Week Ago:           8,233

Year Ago:                 300

Formula Net - Dressed Steers & Heifers:

Head count priced today:   15,700

Weighted avg. weight:        865.00

Weighted avg. net price:     226.88

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 126,000

Week ago (est)                     125,000

Year ago (act)                       116,000

Week to Date                       375,000

Same Period Last Week     371,000

Same Period Last Year       346,000

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 272.36… -1.11

Select:  259.37… -1.34

Choice/Select Spread: 12.99

Total Load Count: 149

 

Cutter Cow Cutout:

225.74… -3.72

 

CME Feeder Cattle Index for April 13th:

155.86… +0.05 / +0.03%

1 Year Change: +8.57%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.62… +0.67

June: 136.87… +0.57

August: 138.65… +1.00

 

Feeder Cattle:

April: 158.55… +0.80

May: 161.95… +1.03

August: 174.42… +0.67

 

May Hogs: 111.52… -0.73

May Crude Oil: 104.25… +3.65

 

May Corn: 7.8350… +0.0725

May Wheat: 11.1350… +0.0975

 

Grain Cash Bids:

Omaha Corn: 7.83… +0.05

Kansas City Wheat: 11.13… +0.11

 

Financial Markets:

DJIA: 34,565.45… +345.56

S & P 500: 4,446.80… +49.59

NASDAQ: 13,641.73… +268.00

U.S. Dollar Index: 99.91… -0.38