Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in all trading regions, negotiated cash has been at a standstill. 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:             43

Week Ago:            504

Year Ago:                45

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,500

Weighted avg. weight:         880.00

Weighted avg. net price:     301.05

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Cattle Slaughter under Federal Inspection

Tuesday             125,000

Week Ago           120,000

Year Ago             124,013

Week to Date     246,000

Last Week           229,000

Last Year             235,821

Monday

Steers & Heifers:  98,000

Cows & Bulls:        23,000

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Boxed Beef:

Cutout Values:

Choice: 302.09… +0.02

Select:  299.90… -0.37

Choice/Select Spread: 2.19

Total Load Count: 146

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Cutter Cow Cutout:

267.61… -0.20

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CME Feeder Cattle Index for April 8th:

245.83… -2.29 / -1.12%

1 Year Change: +27.16%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 180.70… +1.30

June: 174.85… +1.53

August: 172.55… +1.65

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Feeder Cattle:

March: 240.70… +1.40

April: 239.45… +2.28

May: 250.10… +1.85

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May Lean Hogs: 98.77… +0.90

April Crude Oil: 85.27… -1.16

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May Corn: 4.3125… -0.0425

May Wheat: 5.5775… -0.0800

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Grain Cash Bids:

Omaha Corn: 4.50… +0.05

Kansas City Wheat: 5.22… -0.08

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Financial Markets:

DJIA: 38,883.94… -9.26

S & P 500: 5,209.94… +7.45

NASDAQ: 16,306.64… +52.68

U.S. Dollar Index: 104.12… -0.02