Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been limited on light demand. In Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. Not enough purchase in any price range for a full market trend in any region. That latest established market for these regions was on Wednesday. In the Southern Plains live purchases traded at 175.00. In Nebraska live and dressed purchases traded at 182.00 and at 288.00, respectively. In the Western Cornbelt live and dressed purchase traded from 181.00-183.00 and at 288.00, respectively.

Negotiated Sales:

Confirmed:         20,198

Week Ago:          14,972

Year Ago:              2,413

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,800

Weighted avg. weight:         872.00

Weighted avg. net price:     286.17

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Cattle Slaughter under Federal Inspection

Thursday           128,000

Week Ago           125,000

Year Ago             121,000

Week to Date    502,000

Last Week          489,000

Last Year            482,000 

Wednesday

Steers & Heifers:   97,000

Cows & Bulls:         28,000

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Boxed Beef:

Cutout Values:

Choice: 306.99… +1.07

Select:  288.74… -2.72

Choice/Select Spread: 18.25

Total Load Count: 100

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Cutter Cow Cutout:

217.19… -3.64

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CME Feeder Cattle Index for April 19th:

203.91… -2.32 / -1.12%

1 Year Change: +32.50%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 174.10… -1.32

June: 164.35… +0.75

August: 163.42… +0.67

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Feeder Cattle:

April: 205.02… +0.35

May: 212.35… +1.88

August: 229.52… +2.75

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May Lean Hogs: 76.82… -1.95

May Crude Oil: 77.29… -1.87

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May Corn: 6.6375… -0.0850

May Wheat: 6.6775… -0.1400

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Grain Cash Bids:

Omaha Corn: 6.83… -0.10

Kansas City Wheat: 7.87… -0.23

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Financial Markets:

DJIA: 33,788.27… -109.07

S & P 500: 4,129.96… -24.58

NASDAQ: 12,059.56… -97.67

U.S. Dollar Index: 101.88… -0.08