Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in Nebraska, negotiated cash trading has been moderate with good demand. Compared to the last reported market on Wednesday live purchases traded mostly steady to 2.00 higher from 182.00-184.00, with a few up to 186.00. Not enough dressed purchases for a full market trend. The last reported dressed purchase market was on Wednesday at 290.00. In the Western Cornbelt negotiated cash trading was limited on light to moderate demand. In the Southern Plains negotiated cash trading has been mostly inactive on light demand. Not enough purchase in these three regions for a full market trend, with the last reported market was on Wednesday. In the Southern Plains live purchases traded at 175.00. In the Western Cornbelt live and dressed purchases traded from 181.00-184.00 and at 290.00, respectively.

Negotiated Sales:

Confirmed:     14,972

Week Ago:      17,197

Year Ago:           3,795

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,200

Weighted avg. weight:         858.00

Weighted avg. net price:     274.66

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Cattle Slaughter under Federal Inspection

Thursday            125,000

Week Ago           122,000

Year Ago             125,000

Week to Date    489,000

Last Week          488,000

Last Year            499,000

Wednesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 300.42… +1.94

Select:  283.38… +1.57

Choice/Select Spread: 17.04

Total Load Count: 97

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Cutter Cow Cutout:

215.37… -1.63

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CME Feeder Cattle Index for April 12th:

199.77… +6.53 / +3.38%

1 Year Change: +28.10%

52 Week Range: 152.72 to 199.77

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Futures Settlements…

Live Cattle:

April: 175.50… +1.23

June: 164.50… -0.35

August: 163.25… -0.72

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Feeder Cattle:

April: 202.67… +0.45

May: 207.80… -0.77

August: 224.97… -0.78

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May Lean Hogs: 79.97… -1.55

May Crude Oil: 82.16… +1.10

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May Corn: 6.5225… -0.0375

May Wheat: 6.6700… -0.1250

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Grain Cash Bids:

Omaha Corn: 6.78… -0.09

Kansas City Wheat: 7.91… -0.14

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Financial Markets:

DJIA: 34,030.34… +383.12

S & P 500: 4,146.32… +54.20

NASDAQ: 12,166.27… +236.93

U.S. Dollar Index: 101.01… -0.49