Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday 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:            807

Week Ago:               45

Year Ago:          26,240

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,100

Weighted avg. weight:         860.00

Weighted avg. net price:     289.99

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Cattle Slaughter under Federal Inspection

Tuesday              128,000

Week Ago           128,000

Year Ago             126,000

Week to Date    252,000

Last Week          249,000

Last Year            250,000 

Monday

Steers & Heifers:    98,000

Cows & Bulls:          26,000

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Boxed Beef:

Cutout Values:

Choice: 307.63… +0.51

Select:  287.62… -1.08

Choice/Select Spread: 20.01

Total Load Count: 141

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Cutter Cow Cutout:

220.99… +3.22

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CME Feeder Cattle Index for April 24th:

201.26… -0.98 / -0.48%

1 Year Change: +28.91%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 174.30… Unchanged

June: 164.02… -0.53

August: 162.95… -0.50

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Feeder Cattle:

April: 202.07… -0.48

May: 209.42… -1.33

August: 229.50… +0.18

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May Lean Hogs: 76.87… -0.83

June Crude Oil: 77.07… -1.69

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May Corn: 6.4650… -0.0475

May Wheat: 6.3875… -0.0475

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Grain Cash Bids:

Omaha Corn: 6.53… -0.04

Kansas City Wheat: 7.63… -0.15

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Financial Markets:

DJIA: 33,531.72… -344.20

S & P 500: 4,071.77… -65.41

NASDAQ: 11,799.16… -238.04

U.S. Dollar Index: 101.86… +0.51