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Apr
25
2022

Texas Daily Ag Market News Summary

Posted 276 days ago ago by Administrator Account

Daily Market Summary for April 25th

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 Monday, in the Texas Panhandle negotiated cash trading has been moderate on light demand. Compared to last week live purchases traded steady at 140.00. In Kansas, Northern Plains and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. Last week in Kansas live purchases traded at 140.00. For the prior week in Nebraska live and dressed purchases traded from 144.00-146.00 and 230.00-236.00, respectively. In Colorado for the previous week live purchases traded from 144.00- 145.00. Last week in the Western Cornbelt live and dressed purchases traded from 145.00-146.00 and 230.00-236.00, respectively.

Negotiated Sales:

Confirmed:         6,116

Week Ago:             224

Year Ago:             1,446

Formula Net - Dressed Steers & Heifers:

Head count priced today:   54,800

Weighted avg. weight:        856.00

Weighted avg. net price:     222.77

 

Cattle Slaughter under Federal Inspection

Monday (est)                       125,000

Week ago (est)                    112,000

Year ago (act)                      118,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 266.60… -1.31

Select:  256.52… +1.75

Choice/Select Spread: 10.08

Total Load Count: 67

 

Cutter Cow Cutout:

223.89… +2.36

 

CME Feeder Cattle Index for April 22nd:

156.52… +1.31 / +0.84%

1 Year Change: +15.51%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 139.10… -3.35

June: 135.42… -3.00

August: 137.32… -3.05

 

Feeder Cattle:

April: 156.55… -1.40

May: 161.30… -2.57

August: 174.50… -2.40

 

May Hogs: 107.80… -4.05

June Crude Oil: 98.54… -3.53

 

May Corn: 8.0025… +0.0725

May Wheat: 10.6200… -0.0350

 

Grain Cash Bids:

Omaha Corn: 8.03… +0.09

Kansas City Wheat: 10.88… +0.03

 

Financial Markets:

DJIA: 34,052.03… +238.72

S & P 500: 4,296.42… +24.48

NASDAQ: 13,002.64… +163.54

U.S. Dollar Index: 101.70… +0.48