Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. The most recent reported market was last week in all regions. In the Texas Panhandle live purchases traded at 175.00. In Kansas live purchases traded from 173.00-175.00. In Nebraska live and dressed purchases traded from 180.00-185.00 and from 284.00-290.00, respectively. In the Western Cornbelt live and dressed purchases traded from 180.00-183.00 and at 288.00, respectively.

Negotiated Sales:

Confirmed:            299

Week Ago:             867

Year Ago:            6,116

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,200

Weighted avg. weight:         858.00

Weighted avg. net price:     284.07

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Cattle Slaughter under Federal Inspection

Monday              124,000

Week Ago           121,000

Year Ago             124,000

Friday

Steers & Heifers:    80,000

Cows & Bulls:          28,000

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Boxed Beef:

Cutout Values:

Choice: 307.12… +0.52

Select:  288.70… +0.90

Choice/Select Spread: 18.42

Total Load Count: 70

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Cutter Cow Cutout:

217.77... +0.11

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CME Feeder Cattle Index for April 21st:

202.24… -0.86 / -0.42%

1 Year Change: +29.21%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 174.30… +0.33

June: 164.55… +0.03

August: 163.45… -0.10

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Feeder Cattle:

April: 202.55… -1.22

May: 210.75… -1.65

August: 229.32… -0.55

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May Lean Hogs: 77.70… +0.68

June Crude Oil: 78.76… +0.89

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May Corn: 6.5125… -0.1200

May Wheat: 6.4350… -0.1825

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Grain Cash Bids:

Omaha Corn: 6.57… -0.22

Kansas City Wheat: 7.78… -0.08

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Financial Markets:

DJIA: 33,875.92… +66.89

S & P 500: 4,137.12… +3.60

NASDAQ: 12,037.20… -35.26

U.S. Dollar Index: 101.37… -0.45