Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in Nebraska, negotiated cash trading has been slow on light demand. A few live and dressed purchases traded at 178.00 and from 278.00, respectively. However, not enough purchases, live or dressed, for a full market trend. The latest established market was last week with live purchases from 180.00-185.00 and dressed purchases from 284.00-290.00. In the Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. The most recent reported market was on Wednesday with live and dressed purchases at 180.00 and at 285.00, respectively. In the Southern Plains negotiated cash trading has been at a standstill. In the Texas Panhandle, last week, live purchases traded at 175.00. In Kansas, last week, live purchases traded from 173.00-175.00.

Negotiated Sales:

Confirmed:         8,100

Week Ago:        20,198

Year Ago:             3,338

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,300

Weighted avg. weight:         868.00

Weighted avg. net price:     286.50

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Cattle Slaughter under Federal Inspection

Thursday           122,000

Week Ago           128,000

Year Ago             123,000

Week to Date    496,000

Last Week          502,000

Last Year            497,000 

Wednesday

Steers & Heifers: 96,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 311.07… +1.83

Select:  289.09… +1.15

Choice/Select Spread: 21.98

Total Load Count: 92

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Cutter Cow Cutout:

216.37… -3.74

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CME Feeder Cattle Index for April 26th:

202.41… +1.10 / +0.55%

1 Year Change: +29.45%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 175.45… +0.93

June: 165.20… +0.63

August: 163.85… +0.45

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Feeder Cattle:

April: 202.67… Unchanged

May: 211.52… +1.25

August: 231.57… +0.62

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May Lean Hogs: 78.12… -0.15

June Crude Oil: 74.76… +0.46

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May Corn: 6.2700… -0.1450

May Wheat: 6.1475… -0.1250

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Grain Cash Bids:

Omaha Corn: 6.26… -0.17

Kansas City Wheat: 7.25… -0.18

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Financial Markets:

DJIA: 33,826.66… +524.99

S & P 500: 4,135.45… +79.50

NASDAQ: 12,142.24… +287.89

U.S. Dollar Index: 101.51… +0.04