Apr 19 2022

Texas Daily Ag Market News Summary Posted 3 years 86 days ago by Administrator Account

Daily Market Summary for April 19^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading and demand have been moderate in the Southern Plains with live purchases 1.00 higher compared to last week at 140.00. Negotiated cash trading has been mostly inactive on very light demand in Nebraska and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in Colorado. 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:         24,998

Week Ago:          25,693

Year Ago:                    74

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,600

Weighted avg. weight:        868.00

Weighted avg. net price:     226.61

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       124,000

Week ago (est)                     125,000

Year ago (act)                       121,000

Week to Date                       236,000

Same Period Last Week     249,000

Same Period Last Year       240,000

Monday

Steers & Heifers:  87,000

Cows & Bulls:        25,000

 

Boxed Beef:

Cutout Values:

Choice: 269.93… -1.15

Select:  259.21… -0.25

Choice/Select Spread: 10.72

Total Load Count: 102

 

Cutter Cow Cutout:

228.09… +0.18

 

CME Feeder Cattle Index for April 18^th:

154.49… -0.13% / -0.08%

1 Year Change: +11.56%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 141.35… +0.88

June: 136.57… +0.77

August: 138.17… +0.80

 

Feeder Cattle:

April: 156.65… +0.88

May: 160.77… +1.62

August: 171.45… -0.02

 

May Hogs: 114.70… -1.82

May Crude Oil: 102.56… -5.65

 

May Corn: 8.0400… -0.0925

May Wheat: 10.9900… -0.2150

 

Grain Cash Bids:

Omaha Corn: 8.05… -0.07

Kansas City Wheat: 11.11… -0.13

 

Financial Markets:

DJIA: 34,912.88… +500.27

S & P 500: 4,462.48… +74.97

NASDAQ: 13,619.66… +287.40

U.S. Dollar Index: 100.99… +0.21