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Apr
18
2022

Texas Daily Ag Market News Summary

Posted 283 days ago ago by Administrator Account

Daily Market Summary for April 18th

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 mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 139.00. In Nebraska last week live and dressed purchases traded from 140.00-142.00 and from 225.00-227.00, respectively. In Colorado last week live purchases traded from 140.00-142.00. Last week in the Western Cornbelt live and dressed purchases traded from 142.00-143.00 and at 226.00, respectively.

Negotiated Sales:

Confirmed:             224

Week Ago:           1,710

Year Ago:               164

Formula Net - Dressed Steers & Heifers:

Head count priced today:   39,900

Weighted avg. weight:       872.00

Weighted avg. net price:    220.95

 

Cattle Slaughter under Federal Inspection

Monday (est)                       118,000

Week ago (est)                     124,000

Year ago (act)                      119,000

Friday

Steers & Heifers:  89,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 271.08… -1.54

Select:  259.46… +0.56

Choice/Select Spread: 11.62

Total Load Count: 107

 

Cutter Cow Cutout:

227.91… +0.47

 

CME Feeder Cattle Index for April 14th:

154.62… -1.33% / -0.85%

1 Year Change: +10.34%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.47… -0.20

June: 135.80… -0.62

August: 137.37… -0.95

 

Feeder Cattle:

April: 155.77… -2.43

May: 159.15… -2.62

August: 171.47… -2.88

 

May Hogs: 116.52… +3.77

May Crude Oil: 108.21… +1.26

 

May Corn: 8.1325… +0.2300

May Wheat: 11.2050… +0.2400

 

Grain Cash Bids:

Omaha Corn: 8.12… +0.23

Kansas City Wheat: 11.24… +0.32

 

Financial Markets:

DJIA: 34,412.61… -38.23

S & P 500: 4,387.51… -5.07

NASDAQ: 13,332.26… -18.36

U.S. Dollar Index: 100.81… +0.49