Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in the Southern Plains, 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. In Nebraska negotiated cash trade has been slow on light demand. Last week in Nebraska live FOB purchases traded from 189.00-190.00. There have been some early live delivered purchases at 189.00. Compared to last week dressed delivered purchases 4.00-6.00 lower from 296.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. Compared to last week live FOB purchases traded 1.00-3.00 lower at 187.00. Last week dressed delivered purchases traded from 299.00-300.00, on a very light test.

Negotiated Sales:

Confirmed:           10,830

Week Ago:              2,375

Year Ago:                 2,634

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,300

Weighted avg. weight:         874.00

Weighted avg. net price:     300.85

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Cattle Slaughter under Federal Inspection

Wednesday       123,000

Week Ago           124,000

Year Ago             123,998

Week to Date     352,000

Last Week           367,000

Last Year             368,895

Tuesday

Steers & Heifers:  96,000

Cows & Bulls:        24,000

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Boxed Beef:

Cutout Values:

Choice: 301.30… -2.86

Select:  296.92… -2.07

Choice/Select Spread: 4.38

Total Load Count: 151

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Cutter Cow Cutout:

265.23… -2.30

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CME Feeder Cattle Index for April 2nd:

247.73… -0.54 / -0.22%

1 Year Change: +29.24%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 180.92… -0.85

June: 175.60… -0.77

August: 172.70… -0.42

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Feeder Cattle:

March: 240.95… -2.55

April: 242.57… -2.28

May: 252.45… -2.20

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May Lean Hogs: 95.00… +1.33

April Crude Oil: 85.43… +0.28

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May Corn: 4.3175… +0.0525

May Wheat: 5.5600… +0.1075

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Grain Cash Bids:

Omaha Corn: 4.35… -0.08

Kansas City Wheat: 5.22… +0.09

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Financial Markets:

DJIA: 39,127.21… -44.34

S & P 500: 5,211.62… +5.72

NASDAQ: 16,277.46… +37.01

U.S. Dollar Index: 104.27… -0.55