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Apr
05
2024

Texas Daily Ag Market News Summary

Posted 107 days ago by Administrator Account

Daily Market Summary for April 5th

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 Friday in the Texas Panhandle, negotiated cash has been moderate on trade and demand. Compared to last week live FOB purchases traded 2.00 lower at 184.00. In Kansas negotiated cash trade has been moderate on trade and demand. Comparted to last week live FOB purchases traded 1.00-2.00 lower from 183.00-184.00. In Nebraska negotiated cash trade has been slow on light demand. The most recent live FOB market was Thursday with purchases at 187.00 and dressed delivered purchases from 296.00-297.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. The most recent live FOB purchases traded at 187.00, with dressed delivered purchases at 297.00.

Negotiated Sales:

Confirmed:           22,326

Week Ago:              4,692

Year Ago:               2,820

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,500

Weighted avg. weight:        867.00

Weighted avg. net price:     297.76

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Cattle Slaughter under Federal Inspection

Friday                  115,000

Week Ago             98,000

Year Ago             101,979

Week to Date     589,000

Last Week           581,000

Last Year             593,630

Thursday

Steers & Heifers:  97,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 297.17… +0.02

Select:  294.70… -1.35

Choice/Select Spread: 2.47

Total Load Count: 136

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Cutter Cow Cutout:

267.39… +2.10

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CME Feeder Cattle Index for April 4th:

248.97… -0.93 / -0.37%

1 Year Change: +28.81%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 178.25… -3.22

June: 172.05… -3.80

August: 169.97… -3.35

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Feeder Cattle:

March: 237.70… -5.00

April: 238.17… -5.70

May: 248.62… -5.85

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May Lean Hogs: 97.55… +2.48

April Crude Oil: 86.91… +0.32

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May Corn: 4.3425… -0.0100

May Wheat: 5.6725… +0.1100

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Grain Cash Bids:

Omaha Corn: 4.42… +0.04

Kansas City Wheat: 5.27… +0.04

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Financial Markets:

DJIA: 38,904.27… +306.97

S & P 500: 5,204.28… +57.01

NASDAQ: 16,248.52… +199.44

U.S. Dollar Index: 104.30… +0.06






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