Apr 29 2022

Texas Daily Ag Market News Summary Posted 3 years 64 days ago by Administrator Account

Daily Market Summary for April 29^th

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 in the Southern and Northern Plains has been mostly inactive with very light demand. In the Western Cornbelt negotiated cash trading has been limited with light demand. Not enough purchases for a full market trend in any region. 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:         1,886

Week Ago:          2,668

Year Ago:             2,600

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,700

Weighted avg. weight:        840.00

Weighted avg. net price:     226.87

 

Cattle Slaughter under Federal Inspection

Friday (est)                           118,000

Week ago (est)                     119,000

Year ago (act)                       116,000

Week to Date                       616,000

Same Period Last Week     602,000

Same Period Last Year       596,000

Thursday

Steers & Heifers:  94,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 260.78… -1.82

Select:  247.97… -3.09

Choice/Select Spread: 12.81

Total Load Count: 127

 

Cutter Cow Cutout:

220.55… -0.81

 

CME Feeder Cattle Index for April 28^th:

155.64… -0.72 / -0.46%

1 Year Change: +16.04%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.65… -1.25

August: 135.27… -1.08

October: 142.47… -0.58

 

Feeder Cattle:

May: 156.35… -1.60

August: 168.27… -2.13

September: 171.42… -1.98

 

May Hogs: 100.90… -3.07

June Crude Oil: 105.36

 

May Corn: 8.1825… +0.0225

May Wheat: 10.4375… -0.3025

 

Grain Cash Bids:

Omaha Corn: 8.19… Unchanged

Kansas City Wheat: 10.41… -0.35

 

Financial Markets:

DJIA: 32,978.52… -939.78

S & P 500: 4,131.76… -157.40

NASDAQ: 12,334.98… -525.95

U.S. Dollar Index: 103.16… -0.46