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Apr
08
2024

Texas Daily Ag Market News Summary

Posted 104 days ago by Administrator Account

Daily Market Summary for April 8th

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 Monday in the Texas Panhandle and Nebraska, negotiated cash has been at a standstill. In the Kansas and the Western Corn belt negotiated cash has been mostly inactive on very light demand. Last week in the Texas Panhandle live FOB purchases traded at 184.00. Last week in Kansas live FOB purchases traded from 183.00-184.00. Last week in the Nebraska live FOB purchases at 187.00 and dressed delivered purchases from 296.00-297.00. Last week in the Western Cornbelt live FOB purchases at 187.00 and dressed delivered purchases at 297.00.

Negotiated Sales:

Confirmed:           352

Week Ago:              75

Year Ago:              867

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,000

Weighted avg. weight:        871.00

Weighted avg. net price:     298.19

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Cattle Slaughter under Federal Inspection

Monday              121,000

Week Ago           109,000

Year Ago             111,808

Week to Date     121,000

Last Week           109,000

Last Year             111,808

Friday

Steers & Heifers:  90,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 302.07... +4.90

Select:  300.27... +5.57

Choice/Select Spread: 1.80

Total Load Count: 77

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Cutter Cow Cutout:

267.81... +0.42

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CME Feeder Cattle Index for April 5th:

248.62… -0.35 / -0.14%

1 Year Change: +28.60%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 179.40… +1.15

June: 173.32… +1.27

August: 170.90… +0.93

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Feeder Cattle:

March: 239.30… +1.60

April: 237.17… -1.00

May: 248.25… -0.37

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May Lean Hogs: 97.87… +0.32

April Crude Oil: 86.73… -0.18

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May Corn: 4.3550… +0.0125

May Wheat: 5.6575… -0.0150

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Grain Cash Bids:

Omaha Corn: 4.45… +0.03

Kansas City Wheat: 5.30… +0.03

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Financial Markets:

DJIA: 38,893.20… -11.07

S & P 500: 5,202.49… -1.79

NASDAQ: 16,253.96… +5.44

U.S. Dollar Index: 104.15… -0.15






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