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Apr
02
2024

Texas Daily Ag Market News Summary

Posted 109 days ago by Administrator Account

Daily Market Summary for April 2nd

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


Fed Cattle: 

As of 3:00 PM in the Southern Plains, negotiated cash trade has been at a standstill. In Nebraska and the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. Last week in the Texas Panhandle live FOB purchases at 186.00. Last week in Kansas negotiated live FOB purchases traded from 185.00-186.00. Last week in Nebraska live FOB purchases traded from 189.00-190.00 and dressed delivered purchases from 299.00-302.00. Last week in the Western Cornbelt live FOB purchases traded from 188.00-190.00, dressed delivered purchases traded from 299.00-300.00, on a very light test.

Negotiated Sales:

Confirmed:                504

Week Ago:                 949

Year Ago:                    330

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,900

Weighted avg. weight:         864.00

Weighted avg. net price:     303.44

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Cattle Slaughter under Federal Inspection

Tuesday              120,000

Week Ago           125,000

Year Ago             124,635

Week to Date     229,000

Last Week           243,000

Last Year             244,897

Monday

Steers & Heifers:  87,000

Cows & Bulls:        22,000

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Boxed Beef:

Cutout Values:

Choice: 304.16… -1.58

Select:  298.99… -2.80

Choice/Select Spread: 5.17

Total Load Count: 125

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Cutter Cow Cutout:

267.53… -0.25

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CME Feeder Cattle Index for April 1st:

247.17… -1.82 / -0.73%

1 Year Change: +28.95%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 181.77… +1.70

June: 176.37… +1.05

August: 173.12… +1.02

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Feeder Cattle:

March: 243.50… +3.08

April: 244.85… +2.18

May: 254.65… +3.00

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May Lean Hogs: 93.67… -0.08

April Crude Oil: 85.15… +1.44

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May Corn: 4.2650… -0.0900

May Wheat: 5.4525… -0.1175

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Grain Cash Bids:

Omaha Corn: 4.43… -0.01

Kansas City Wheat: 5.13… -0.13

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Financial Markets:

DJIA: 39,171.55… -394.24

S & P 500: 5,205.90… -37.79

NASDAQ: 16,240.45… -156.38

U.S. Dollar Index: 104.79… -0.23






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