Apr 27 2022

Texas Daily Ag Market News Summary Posted 3 years 66 days ago by Administrator Account

Daily Market Summary for April 27^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 in the Texas Panhandle, negotiated cash trading has been mostly inactive on light demand. In Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. In Kansas and Colorado negotiated cash trading has been at a standstill. Not enough purchases in any region for a full market trend. Tuesday was the last reported market in all regions. In the Southern Plains live purchases traded at 140.00. In the Northern Plains live purchases traded from 144.00-146.00 and, in Nebraska, dressed purchases traded at 232.00. In the Western Cornbelt live and dressed purchases traded from 145.00-147.00 and at 232.00, respectively.

Negotiated Sales:

Confirmed:         9,378

Week Ago:        14,719

Year Ago:           38,755

Formula Net - Dressed Steers & Heifers:

Head count priced today:   14,900

Weighted avg. weight:        860.00

Weighted avg. net price:     225.48

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                  125,000

Week ago (est)                     125,000

Year ago (act)                       120,000

Week to Date                       375,000

Same Period Last Week     361,000

Same Period Last Year       359,000

Tuesday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 261.91... -2.26

Select:  252.32... -3.91

Choice/Select Spread: 9.59

Total Load Count: 160

 

Cutter Cow Cutout:

220.03… -1.97

 

CME Feeder Cattle Index for April 26^th:

156.21… +0.09 / +0.06%

1 Year Change: +15.65%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

April: 138.50… -1.50

June: 135.02… -1.23

August: 137.02… -1.25

 

Feeder Cattle:

May: 157.35… -3.37

August: 168.95… -4.20

September: 172.47… -3.75

 

May Hogs: 104.17… -1.03

June Crude Oil: 102.02… +0.32

 

May Corn: 8.1550… +0.1225

May Wheat: 10.8000… -0.0325

 

Grain Cash Bids:

Omaha Corn: 8.17… +0.10

Kansas City Wheat: 10.89… -0.11

 

Financial Markets:

DJIA: 33,302.53… +63.08

S & P 500: 4,183.61… +8.21

NASDAQ: 12,490.26… -1.56

U.S. Dollar Index: 102.99… +0.69