Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in Nebraska negotiated cash trading has been limited on light demand. In the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases in any region for a full market trend. The most recent reported market was on Thursday in all regions. In the Southern Plains live purchases traded at 175.00. In Nebraska live and dressed purchases traded from 182.00-186.00 and at 290.00, respectively. In the Western Cornbelt live and dressed purchases traded from 180.00-184.00 and at 290.00, respectively.

Negotiated Sales:

Confirmed:     2,820

Week Ago:      1,221

Year Ago:            554

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,800

Weighted avg. weight:         840.00

Weighted avg. net price:     275.52

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Cattle Slaughter under Federal Inspection

Friday                 112,000

Week Ago           105,000

Year Ago             114,000

Week to Date    601,000

Last Week          593,000

Last Year            613,000

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 302.62… +2.20

Select:  283.87… +0.49

Choice/Select Spread: 18.75

Total Load Count: 80

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Cutter Cow Cutout:

217.04… +1.67

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CME Feeder Cattle Index for April 13th:

201.31… +1.54 / +0.77%

1 Year Change: +29.09%

52 Week Range: 152.72 to 201.31

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Futures Settlements…

Live Cattle:

April: 174.75… -0.75

June: 163.72… -0.78

August: 162.70… -0.55

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Feeder Cattle:

April: 203.40… +0.73

May: 207.90… +0.10

August: 223.95… -1.02

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May Lean Hogs: 80.45… +0.48

May Crude Oil: 82.52… +0.36

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May Corn: 6.6625… +0.1400

May Wheat: 6.8250… +0.1550

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Grain Cash Bids:

Omaha Corn: 6.93… +0.15

Kansas City Wheat: 8.23… +0.32

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Financial Markets:

DJIA: 33,885.31… -145.03

S & P 500: 4,137.51… -8.81

NASDAQ: 12,123.47… -42.80

U.S. Dollar Index: 101.56… +0.55