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Apr
26
2022

Texas Daily Ag Market News Summary

Posted 275 days ago ago by Administrator Account

Daily Market Summary for April 26th

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 Tuesday in Kansas, negotiated cash trading and demand have been moderate. In the Texas Panhandle negotiated cash trading has been limited on light demand. Compared to the last reported market on Monday live purchases traded steady at 140.00. In Nebraska negotiated cash trading and demand have been moderate. Compared to last week live purchases traded steady to 1.00 higher from 145.00-146.00 and dressed purchases traded unevenly steady at 232.00. In Colorado and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a full market trend. 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:         36,240

Week Ago:          24,998

Year Ago:                 787

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,500

Weighted avg. weight:        858.00

Weighted avg. net price:     227.98

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       125,000

Week ago (est)                     124,000

Year ago (act)                       121,000

Week to Date                       250,000

Same Period Last Week     236,000

Same Period Last Year       239,000

Monday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 264.17… -2.43

Select:  256.23… -0.29

Choice/Select Spread: 7.94

Total Load Count: 183

 

Cutter Cow Cutout:

222.00… -1.89

 

CME Feeder Cattle Index for April 25th:

156.12… -0.40 / -0.26%

1 Year Change: +15.46%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 140.00… +0.90

June: 136.25… +0.83

August: 138.27… +0.95

 

Feeder Cattle:

April: 156.20… -0.35

May: 160.72… -0.58

August: 173.15… -1.35

 

May Hogs: 105.20… -2.60

June Crude Oil: 101.70… +3.16

 

May Corn: 8.0325… +0.0300

May Wheat: 10.8325… +0.2125

 

Grain Cash Bids:

Omaha Corn: 8.07… +0.04

Kansas City Wheat: 11.00… +0.12

 

Financial Markets:

DJIA: 33,239.45… -812.58

S & P 500: 4,175.40… -121.05

NASDAQ: 12,491.82… -510.82

U.S. Dollar Index: 102.35… +0.60