Apr 18 2022

Texas Daily Ag Market News Summary Posted 2 years 8 days ago by Administrator Account

Daily Market Summary for April 18^th

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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 14^th:

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