Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday, negotiated cash trading was at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading was mostly inactive on very light demand. Not enough purchases for a market trend. The latest established market was last week in all regions. In the Southern Plains live purchases traded at 175.00. In Nebraska live and dressed purchases traded from 182.00-184.00 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:         867

Week Ago:         148

Year Ago:            224

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,700

Weighted avg. weight:         851.00

Weighted avg. net price:     273.41

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Cattle Slaughter under Federal Inspection

Tuesday              128,000

Week Ago           126,000

Year Ago             124,000

Week to Date    249,000

Last Week          239,000

Last Year            236,000 

Monday

Steers & Heifers:  95,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 307.06… +1.08

Select:  291.61… +2.29

Choice/Select Spread: 15.45

Total Load Count: 124

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Cutter Cow Cutout:

218.30… +1.59

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CME Feeder Cattle Index for April 17th:

206.37… +0.73 / +0.35%

1 Year Change: +33.47%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 176.47… +0.72

June: 165.20… +0.33

August: 164.05… +0.28

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Feeder Cattle:

April: 205.92… +0.37

May: 211.50… +0.75

August: 226.07… +0.72

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May Lean Hogs: 78.82… -2.18

May Crude Oil: 80.86... +0.03

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May Corn: 6.7750… +0.0100

May Wheat: 6.9800… +0.0150

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Grain Cash Bids:

Omaha Corn: 6.96… -0.06

Kansas City Wheat: 8.29… -0.09

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Financial Markets:

DJIA: 33,976.53… -10.84

S & P 500: 4,154.73… +3.33

NASDAQ: 12,153.41… -4.31

U.S. Dollar Index: 101.76… -0.34