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Apr
21
2022

Texas Daily Ag Market News Summary

Posted 280 days ago ago by Administrator Account

Daily Market Summary for April 21st

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 Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle and Colorado. 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:         2,413

Week Ago:          3,795

Year Ago:           22,156

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,700

Weighted avg. weight:        848.00

Weighted avg. net price:     223.59

 

Cattle Slaughter under Federal Inspection

Thursday (est)                      122,000

Week ago (est)                     123,000

Year ago (act)                       119,000

Week to Date                       483,000

Same Period Last Week     498,000

Same Period Last Year       479,000

Wednesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 270.17… +1.35

Select:  255.68… -0.85

Choice/Select Spread: 14.49

Total Load Count: 104

 

Cutter Cow Cutout:

221.28… -2.69

 

CME Feeder Cattle Index for April 20th:

154.66… +0.17 / +0.11%

1 Year Change: +11.81%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 144.10… +1.03

June: 139.90… +1.28

August: 141.57… +1.42

 

Feeder Cattle:

April: 158.45… +0.95

May: 164.85… +2.38

August: 176.45… +2.98

 

May Hogs: 110.85… -1.62

June Crude Oil: 103.79… -1.04

 

May Corn: 7.9925… -0.1650

May Wheat: 10.6800… -0.2000

 

Grain Cash Bids:

Omaha Corn: 8.00… -0.15

Kansas City Wheat: 10.79… -0.26

 

Financial Markets:

DJIA: 34,792.30… -368.69

S & P 500: 4,393.80… -66.76

NASDAQ: 13,178.02… -277.17

U.S. Dollar Index: 100.63… +0.24