Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchase for a market trend. The latest established market was last week in all regions. In the Southern Plains live purchases traded at 170.00. In Nebraska and Western Cornbelt live and dressed purchases traded from 174.00-177.00 and from 275.00-280.00, respectively.

Negotiated Sales:

Confirmed:         148

Week Ago:          136

Year Ago:         1,710

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,100

Weighted avg. weight:         834.00

Weighted avg. net price:     268.24

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Cattle Slaughter under Federal Inspection

Monday              113,000

Week Ago           117,000

Year Ago             123,000

Friday

Steers & Heifers:  80,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 292.91… +1.93

Select:  278.40… +2.62

Choice/Select Spread: 14.51

Total Load Count: 69

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Cutter Cow Cutout:

215.52… -2.07

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CME Feeder Cattle Index for April 7th:

193.33… +0.11 / +0.06%

1 Year Change: +23.92%

52 Week Range: 152.72 to 193.34

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Futures Settlements…

Live Cattle:

April: 171.37… +0.30

June: 163.70… +0.60

August: 162.90… +0.60

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Feeder Cattle:

April: 200.92… +0.30

May: 205.62… +0.22

August: 223.00… +0.40

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May Lean Hogs: 82.85… +0.65

May Crude Oil: 79.74… -0.96

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May Corn: 6.5400… +0.1050

May Wheat: 6.7850… +0.0300

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Grain Cash Bids:

Omaha Corn: 6.82… +0.09

Kansas City Wheat: 8.18… +0.12

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Financial Markets:

DJIA: 33,585.93… +100.58

S & P 500: 4,109.13… +4.14

NASDAQ: 12,084.36… -3.60

U.S. Dollar Index: 102.55… +0.46