Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive with very light demand. Not enough purchases for a market trend. The latest established market was last week in all regions. In the Texas Panhandle live purchases traded from 165.00-167.00. In Kansas live purchases traded at 167.00. In Nebraska live and dressed purchases traded from 168.00-172.00 and from 270.00-272.00, respectively. In the Western Cornbelt live and dressed purchases traded at 170.00 and from 270.00-272.00, respectively.

Negotiated Sales:

Confirmed:        167

Week Ago:         143

Year Ago:      28,123

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,900

Weighted avg. weight:         856.00

Weighted avg. net price:     266.36

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Cattle Slaughter under Federal Inspection

Tuesday             126,000

Week Ago          127,000

Year Ago            125,000

Week to Date    243,000

Last Week          252,000

Last Year            246,000 

Monday

Steers & Heifers:  91,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 287.94… +2.85

Select:  277.95… +3.77

Choice/Select Spread: 9.99

Total Load Count: 107

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Cutter Cow Cutout:

215.38... -0.72

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CME Feeder Cattle Index for April 3rd:

193.02… +1.34 / +0.70%

1 Year Change: +23.92%

52 Week Range: 152.31 to 193.34

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Futures Settlements…

Live Cattle:

April: 167.60… -0.52

June: 160.22… -1.00

August: 159.77… -0.98

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Feeder Cattle:

April: 197.95… -1.00

May: 202.27… -0.88

August: 219.50… -1.20

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May Lean Hogs: 82.17… -2.20

May Crude Oil: 80.71… +0.29

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May Corn: 6.5375… -0.0400

May Wheat: 6.9150… -0.0200

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Grain Cash Bids:

Omaha Corn: 6.83… -0.10

Kansas City Wheat: 8.18… -0.03

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Financial Markets:

DJIA: 33,403.04… -197.88

S & P 500: 4,100.68… -23.73

NASDAQ: 12,126.33… -63.12

U.S. Dollar Index: 101.57… -0.52