Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash has been at a standstill. Last week live FOB purchases traded at 186.00. In Kansas negotiated cash trade has been mostly inactive on light demand. Last week live FOB purchases traded from 185.00-186.00. In Nebraska 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. The most recent dressed delivered purchases in Nebraska were Wednesday from 296.00-297.00. In the Western Cornbelt negotiated cash trade was slow on light demand. The most recent live FOB purchases were Wednesday at 187.00. Compared to last week dressed delivered purchases traded 2.00-3.00 lower at 297.00.

Negotiated Sales:

Confirmed:           10,033

Week Ago:            13,602

Year Ago:               14,972

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,900

Weighted avg. weight:         867.00

Weighted avg. net price:     296.77

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Cattle Slaughter under Federal Inspection

Thursday            122,000

Week Ago           166,000

Year Ago             122,756

Week to Date     474,000

Last Week           483,000

Last Year             491,651

Wednesday

Steers & Heifers:  98,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 297.15… -4.15

Select:  296.05… -0.87

Choice/Select Spread: 1.10

Total Load Count: 162

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Cutter Cow Cutout:

265.29… +0.06

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CME Feeder Cattle Index for April 3rd:

249.90… +2.17 / +0.88%

1 Year Change: +29.47%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 181.47… +0.55

June: 175.85… +0.25

August: 173.32… +0.62

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Feeder Cattle:

March: 242.70… +1.75

April: 243.87… +1.30

May: 254.47… +2.02

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May Lean Hogs: 95.07… +0.07

April Crude Oil: 86.59… +1.16

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May Corn: 4.3525… +0.0350

May Wheat: 5.5625… +0.0025

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Grain Cash Bids:

Omaha Corn: 4.38… +0.03

Kansas City Wheat: 5.23… +0.01

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Financial Markets:

DJIA: 38,597.30… -529.91

S & P 500: 5,147.27… -64.35

NASDAQ: 16,049.08… -228.38

U.S. Dollar Index: 104.24… -0.03