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Apr
22
2022

Texas Daily Ag Market News Summary

Posted 279 days ago ago by Administrator Account

Daily Market Summary for April 22nd

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 Friday, negotiated cash trading has been limited on light demand in Nebraska, Colorado, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle. 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:         2,668

Week Ago:             554

Year Ago:             1,402

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,400

Weighted avg. weight:        859.00

Weighted avg. net price:     227.28

 

Cattle Slaughter under Federal Inspection

Friday (est)                           119,000

Week ago (est)                     114,000

Year ago (act)                       114,000

Week to Date                       602,000

Same Period Last Week     612,000

Same Period Last Year       593,000

Thursday

Steers & Heifers:  93,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 267.91… -2.26

Select:  254.77… -0.91

Choice/Select Spread: 13.14

Total Load Count: 95

 

Cutter Cow Cutout:

221.53… +0.25

 

CME Feeder Cattle Index for April 21st:

155.21… +1.31 / +0.85%

1 Year Change: +13.82%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 142.45… -1.65

June: 138.42… -1.48

August: 140.37… -1.20

 

Feeder Cattle:

April: 157.95… -0.50

May: 163.87… -0.98

August: 176.90… +0.45

 

May Hogs: 111.85… +1.00

June Crude Oil: 102.07… -1.72

 

May Corn: 7.9300… -0.0625

May Wheat: 10.6550… -0.0250

 

Grain Cash Bids:

Omaha Corn: 7.94… -0.06

Kansas City Wheat: 10.85… +0.06

 

Financial Markets:

DJIA: 33,813.31… -978.99

S & P 500: 4,271.94… -121.86

NASDAQ: 12,839.10… -338.62

U.S. Dollar Index: 101.15… +0.57