Texas Daily Ag Market News Summary

 Fed Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been slow on light demand in the Southern Plains. Compared to last week live purchases traded steady 175.00, with a light test noted. In Western Cornbelt negotiated cash trading has been limited on light demand. A few dressed purchases traded at 288.00, however, not enough purchases for a full market trend. For the prior week live and dressed purchases traded from 180.00-184.00 and at 290.00, respectively. In Nebraska negotiated cash trading has been at a standstill. For the previous week live and dressed purchases traded from 182.00-184.00 and at 290.00, respectively.

Negotiated Sales:

Confirmed:         11,643

Week Ago:            2,634

Year Ago:            14,719

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,100

Weighted avg. weight:         847.00

Weighted avg. net price:     279.20

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Cattle Slaughter under Federal Inspection

Wednesday       125,000

Week Ago           125,000

Year Ago             125,000

Week to Date    374,000

Last Week          364,000

Last Year            361,000 

Tuesday

Steers & Heifers: 100,000

Cows & Bulls:         28,000

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Boxed Beef:

Cutout Values:

Choice: 306.92… -1.14

Select:  291.46… -0.15

Choice/Select Spread: 14.46

Total Load Count: 106

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Cutter Cow Cutout:

220.80… +2.50

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CME Feeder Cattle Index for April 18th:

206.23… -0.14 / -0.07%

1 Year Change: +33.38%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 175.42… -1.05

June: 163.60… -1.60

August: 162.75… -1.30

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Feeder Cattle:

April: 204.67… -1.25

May: 210.47… -1.03

August: 226.77… +0.70

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May Lean Hogs: 78.77… -0.05

May Crude Oil: 79.16… -1.70

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May Corn: 6.7225… -0.0525

May Wheat: 6.8175… -0.1625

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Grain Cash Bids:

Omaha Corn: 6.93… -0.03

Kansas City Wheat: 8.10… -0.18

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Financial Markets:

DJIA: 33,897.34… -79.19

S & P 500: 4,154.54… -0.19

NASDAQ: 12,157.23… +3.82

U.S. Dollar Index: 101.96… +0.20

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