Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been mostly inactive with light demand in all regions. 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:     1,177

Week Ago:         628

Year Ago:        8,233

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,600

Weighted avg. weight:         844.00

Weighted avg. net price:     268.14

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Cattle Slaughter under Federal Inspection

Wednesday       123,000

Week Ago           127,000

Year Ago             124,000

Week to Date    366,000

Last Week          379,000

Last Year            370,000 

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 288.62… +0.68

Select:  278.16… +0.21

Choice/Select Spread: 10.46

Total Load Count: 102

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Cutter Cow Cutout:

214.86… -0.52

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CME Feeder Cattle Index for April 4th:

193.29… +0.27 / +0.14%

1 Year Change: +24.27%

52 Week Range: 152.72 to 193.34

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Futures Settlements…

Live Cattle:

April: 168.40… +0.80

June: 160.30… +0.08

August: 159.97… +0.20

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Feeder Cattle:

April: 197.82… -0.13

May: 202.10… -0.17

August: 219.22… -0.28

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May Lean Hogs: 81.30… -0.87

May Crude Oil: 80.61… -0.10

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May Corn: 6.5275… -0.0100

May Wheat: 6.8200… -0.0950

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Grain Cash Bids:

Omaha Corn: 6.82… -0.01

Kansas City Wheat: 8.03… -0.12

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Financial Markets:

DJIA: 33,482.59… +79.55

S & P 500: 4,090.21… -10.47

NASDAQ: 11,996.86… -129.47

U.S. Dollar Index: 101.91… +0.32