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Apr
28
2022

Texas Daily Ag Market News Summary

Posted 273 days ago ago by Administrator Account

Daily Market Summary for April 28th

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 in the Southern Plains and Colorado has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive. Not enough purchases for a market trend. Tuesday was the last reported market in all regions. In the Southern Plains live purchases traded at 140.00. In Nebraska and Colorado 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 trading from 145.00-147.00 and at 232.00, respectively.

Negotiated Sales:

Confirmed:         3,338

Week Ago:          2,413

Year Ago:            5,390

Formula Net - Dressed Steers & Heifers:

Head count priced today:   39,300

Weighted avg. weight:         883.00

Weighted avg. net price:     229.29

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     123,000

Week ago (est)                     122,000

Year ago (act)                       121,000

Week to Date                       498,000

Same Period Last Week     483,000

Same Period Last Year       480,000

Wednesday

Steers & Heifers:  96,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 262.60… +0.69

Select:  251.06… -1.26

Choice/Select Spread: 11.54

Total Load Count: 168

 

Cutter Cow Cutout:

221.36… +1.33

 

CME Feeder Cattle Index for April 27th:

156.36… +0.15 / +0.10%

1 Year Change: +15.76%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

June: 133.90… -1.12

August: 136.35… -0.67

October: 143.05… -0.35

 

Feeder Cattle:

May: 157.95… +0.60

August: 170.40… +1.45

September: 173.40… +0.93

 

May Hogs: 103.97… -0.20

June Crude Oil: 105.36… +3.34

 

May Corn: 8.1600… +0.0050

May Wheat: 10.7400… -0.0600

 

Grain Cash Bids:

Omaha Corn: 8.19… +0.02

Kansas City Wheat: 10.76… -0.13

 

Financial Markets:

DJIA: 33,918.30… +615.77

S & P 500: 4,289.16… +105.55

NASDAQ: 12,860.93… +370.67

U.S. Dollar Index: 103.63… +0.68