Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on light demand in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in any region for a full market trend. In the Southern Plains Wednesday was the last reported market with live purchases at 175.00. In Nebraska Thursday was the last reported live purchase market from 180.00-185.00, and Wednesday was the last reported dressed purchase market at 288.00. In the Western Cornbelt Thursday was the last reported live and dressed purchase market at 182.00 and at 288.00, respectively.

Negotiated Sales:

Confirmed:            3,896

Week Ago:             2,820

Year Ago:               2,668

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,800

Weighted avg. weight:         835.00

Weighted avg. net price:     284.49

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Cattle Slaughter under Federal Inspection

Friday                 108,000

Week Ago           112,000

Year Ago             120,000

Week to Date     610,000

Last Week           601,000

Last Year             602,000 

Thursday

Steers & Heifers:   100,000

Cows & Bulls:           28,000

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Boxed Beef:

Cutout Values:

Choice: 306.60… -0.39

Select:  287.80… -0.94

Choice/Select Spread: 18.80

Total Load Count: 104

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Cutter Cow Cutout:

217.66… +0.47

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CME Feeder Cattle Index for April 20th:

203.10… -0.81 / -0.81%

1 Year Change: +30.85%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 173.97… -0.13

June: 164.52… +0.17

August: 163.55… +0.13

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Feeder Cattle:

April: 203.77… -1.25

May: 212.40… +0.05

August: 229.87… +0.35

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May Lean Hogs: 77.02… +0.20

June Crude Oil: 77.87… +0.50

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May Corn: 6.6325… -0.0050

May Wheat: 6.6175… -0.0600

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Grain Cash Bids:

Omaha Corn: 6.79… -0.04

Kansas City Wheat: 7.86… -0.01

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Financial Markets:

DJIA: 33,809.03… +20.76

S & P 500: 4,133.53… +3.56

NASDAQ: 12,072.46… +12.90

U.S. Dollar Index: 101.74… -0.14