Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in Nebraska and Western Cornbelt, negotiated cash trading has been slow to moderate on moderate demand. In Nebraska a few live and dressed purchases traded at 177.00 and at 270.00, respectively. In the Western Cornbelt a few dressed purchases traded at 280.00. However, not enough purchases in either region for a full market trend. In both regions Wednesday was last fully reported market with live purchases from 172.00-177.00 and dressed purchases from 275.00-280.00. In Kansas negotiated cash trading has been slow on light demand. A few live purchases traded at 172.00, however, not enough for a market trend. In the Texas Panhandle negotiated cash trading has been at a standstill. In the Southern Plains the last fully reported live purchase market was on Wednesday at 170.00.

Negotiated Sales:

Confirmed:     17,197

Week Ago:      50,336

Year Ago:          5,411

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,800

Weighted avg. weight:         856.00

Weighted avg. net price:     272.13

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Cattle Slaughter under Federal Inspection

Thursday           122,000

Week Ago           126,000

Year Ago             121,000

Week to Date    488,000

Last Week          505,000

Last Year            491,000 

Wednesday

Steers & Heifers:  96,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 289.65… +1.03

Select:  276.63… -1.53

Choice/Select Spread: 13.02

Total Load Count: 99

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Cutter Cow Cutout:

217.18… +2.32

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CME Feeder Cattle Index for April 5th:

193.22… -0.07 / -0.04%

1 Year Change: +24.19%

52 Week Range: 152.72 to 193.34

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Futures Settlements…

Live Cattle:

April: 171.07… +2.67

June: 163.10… +2.80

August: 162.30… +2.33

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Feeder Cattle:

April: 200.62… +2.80

May: 205.40… +3.30

August: 222.60… +3.38

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May Lean Hogs: 82.20… +0.90

May Crude Oil: 80.70… -0.09

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May Corn: 6.4350… -0.0925

May Wheat: 6.7550… -0.0650

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Grain Cash Bids:

Omaha Corn: 6.73… -0.09

Kansas City Wheat: 8.06… -0.03

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Financial Markets:

DJIA: 33,485.35… +2.76

S & P 500: 4,104.99…+14.78

NASDAQ: 12,087.96… +91.10

U.S. Dollar Index: 101.89… +0.04