Apr 20 2022

Texas Daily Ag Market News Summary Posted 2 years 4 days ago by Administrator Account

Daily Market Summary for April 20^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 Wednesday, negotiated cash trading has been slow on light demand in Nebraska with a few live purchases at 146.00. In the Western Cornbelt has been slow on light demand with a few live purchases at 145.00. Negotiated cash trading has been mostly inactive on very light demand in the Southern Plains and at a standstill in Colorado. Not enough purchases in any region for a market trend. On Tuesday in the Southern Plains live purchases traded at 140.00. In Nebraska on Tuesday, live and dressed purchases traded from 144.00-146.00 and at 230.00, respectively. On Tuesday in the Western Cornbelt live and dressed purchases traded from 145.00-146.00 and at 230.00, respectively. The last reported market in Colorado was last week with live purchases from 140.00-142.00.

Negotiated Sales:

Confirmed:         14,719

Week Ago:          17,965

Year Ago:             14,311

Formula Net - Dressed Steers & Heifers:

Head count priced today:   18,300

Weighted avg. weight:        874.00

Weighted avg. net price:     224.48

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 125,000

Week ago (est)                     126,000

Year ago (act)                       120,000

Week to Date                       361,000

Same Period Last Week     375,000

Same Period Last Year       360,000

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 268.82… -1.11

Select:  256.53… -2.68

Choice/Select Spread: 12.29

Total Load Count: 137

 

Cutter Cow Cutout:

223.97… -4.12

 

CME Feeder Cattle Index for April 19th:

154.66… +0.17 / +0.11%

1 Year Change: +11.81%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 143.07… +1.72

June: 138.62… +2.05

August: 140.15… +1.98

 

Feeder Cattle:

April: 157.50… +0.85

May: 162.47… +1.70

August: 173.47… +2.02

 

May Hogs: 112.47… -2.23

May Crude Oil: 102.75… +0.19

 

May Corn: 8.1575… +0.1175

May Wheat: 10.8800… -0.1100

 

Grain Cash Bids:

Omaha Corn: 8.15… +0.10

Kansas City Wheat: 11.05… -0.06

 

Financial Markets:

DJIA: 35,160.99… +248.11

S & P 500: 4,460.56… -1.92

NASDAQ: 13,455.19… -164.47

U.S. Dollar Index: 100.30… -0.66