Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern Plains. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough trades 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:         330

Week Ago:          167

Year Ago:       25,693

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,500

Weighted avg. weight:         848.00

Weighted avg. net price:     273.58

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Cattle Slaughter under Federal Inspection

Tuesday              126,000

Week Ago           126,000

Year Ago             126,000

Week to Date    239,000

Last Week          243,000

Last Year            249,000

Monday

Steers & Heifers:  88,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 295.10… +1.18

Select:  282.04… +3.64

Choice/Select Spread: 13.06

Total Load Count: 88

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Cutter Cow Cutout:

214.73… -0.79

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CME Feeder Cattle Index for April 10th:

193.01… -0.32 / -0.17%

1 Year Change: +23.88%

52 Week Range: 152.72 to 193.34

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Futures Settlements…

Live Cattle:

April: 172.30… +0.93

June: 163.95… +0.25

August: 163.25… +0.35

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Feeder Cattle:

April: 202.10… +1.18

May: 207.82… +2.20

August: 224.35… +1.35

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May Lean Hogs: 82.37… -0.48

May Crude Oil: 81.53… +1.79

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May Corn: 6.5100… -0.0300

May Wheat: 6.7400… -0.0450

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Grain Cash Bids:

Omaha Corn: 6.83… +0.01

Kansas City Wheat: 8.10… -0.08

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Financial Markets:

DJIA: 33,685.12… +99.19

S & P 500: 4,109.05… -0.08

NASDAQ: 12,031.88… -52.48

U.S. Dollar Index: 102.18… -0.40