Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been limited with light demand. In the Western Cornbelt, a few live purchases traded at 181.00, however, not enough purchases for a full 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:       2,634

Week Ago:        1,177

Year Ago:        17,965

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,900

Weighted avg. weight:         844.00

Weighted avg. net price:     271.91

-

Cattle Slaughter under Federal Inspection

Wednesday       125,000

Week Ago           123,000

Year Ago             125,000

Week to Date    364,000

Last Week          366,000

Last Year            374,000

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

-

Boxed Beef:

Cutout Values:

Choice: 298.48… +3.38

Select:  281.81… -0.23

Choice/Select Spread: 16.67

Total Load Count: 104

-

Cutter Cow Cutout:

217.00… +2.27

-

CME Feeder Cattle Index for April 11th:

193.24… +0.23 / +0.12%

1 Year Change: +23.98%

52 Week Range: 152.72 to 193.34

-

Futures Settlements…

Live Cattle:

April: 174.27… +1.97

June: 164.85… +0.90

August: 163.97… +0.72

-

Feeder Cattle:

April: 202.22… +0.12

May: 208.57… +0.75

August: 225.75… +1.40

-

May Lean Hogs: 81.52… -0.85

May Crude Oil: 83.26… +1.73

-

May Corn: 6.5600… +0.0500

May Wheat: 6.7950… +0.0550

-

Grain Cash Bids:

Omaha Corn: 6.87… +0.04

Kansas City Wheat: 8.10… +0.05

-

Financial Markets:

DJIA: 33,647.22… -37.90

S & P 500: 4,092.12… -16.93

NASDAQ: 11,929.34… -102.54

U.S. Dollar Index: 101.56… -0.64