Apr 28 2023

Texas Daily Ag Market News Summary Posted 1 years 20 days ago by Administrator Account

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Fed Cattle:  As of 3:00 PM Friday in the Southern Plains, negotiated cash trading has been slow on light to moderate demand. In the Texas Panhandle, compared to last week, live purchases traded 2.00 lower at 173.00. In Kansas, compared to the prior week, live purchases traded steady to 2.00 lower at 173.00. A light test was noted in both regions. In Nebraska negotiated cash trading has been limited on light demand. A few live purchases traded steady at 178.00, when compared to the most recent reported market on Thursday. The last reported dressed purchase market was on Thursday from 283.00-286.00. 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.

Negotiated Sales:

Confirmed:       14,814

Week Ago:          3,896

Year Ago:            1,886

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,700

Weighted avg. weight:         848.00

Weighted avg. net price:     283.62

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Cattle Slaughter under Federal Inspection

Friday                 106,000

Week Ago           108,000

Year Ago             117,000

Week to Date    602,000

Last Week          610,000

Last Year            614,000 

Thursday

Steers & Heifers: 97,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 311.44… +0.37

Select:  288.34… -0.75

Choice/Select Spread: 23.10

Total Load Count: 87

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Cutter Cow Cutout:

220.19… +3.82

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CME Feeder Cattle Index for April 27th:

203.20… +0.79 / +0.39%

1 Year Change: +30.56%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

April: 175.17… -0.28

June: 165.47… +0.27

August: 163.77… -0.08

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Feeder Cattle:

May: 210.97… -0.55

August: 230.72… -0.85

September: 233.80… -0.72

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May Lean Hogs: 79.65… +1.53

June Crude Oil: 76.78… +2.02

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May Corn: 6.3600… +0.0900

May Wheat: 6.1975… +0.0500

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Grain Cash Bids:

Omaha Corn: 6.30… +0.04

Kansas City Wheat: 7.36… +0.11

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Financial Markets:

DJIA: 34,098.95… +272.29

S & P 500: 4,169.57… +34.12

NASDAQ: 12,226.58… +84.34

U.S. Dollar Index: 101.63… +0.12