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Apr
10
2024

Texas Daily Ag Market News Summary

Posted 102 days ago by Administrator Account

Daily Market Summary for April 10th

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 Wednesday, negotiated cash trade was mostly inactive on light demand in all feeding regions. Not enough trade in any region for an adequate market test. The latest established market was last week with live FOB purchases at 184.00 in the Texas Panhandle. Last week in Kansas live FOB purchases traded from 183.00-184.00. Last week in 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:              514

Week Ago:          10,830

Year Ago:            11,643

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,500

Weighted avg. weight:         879.00

Weighted avg. net price:     295.74

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Cattle Slaughter under Federal Inspection

Wednesday        112,000

Week Ago           123,000

Year Ago             124,880

Week to Date     358,000

Last Week           352,000

Last Year             360,701

Tuesday

Steers & Heifers:  100,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 298.23… -3.96

Select:  296.02… -3.88

Choice/Select Spread: 2.21

Total Load Count: 129

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Cutter Cow Cutout:

270.23… +2.62

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CME Feeder Cattle Index for April 9th:

245.49… -0.34 / -0.14%

1 Year Change: +26.98%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 179.07… -1.63

June: 172.85… -2.00

August: 170.65… -1.90

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Feeder Cattle:

April: 238.27… -2.43

May: 236.52… -2.93

August: 247.06… -3.04

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May Lean Hogs: 96.55… -2.22

April Crude Oil: 86.26… +1.03

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May Corn: 4.3425… +0.0300

May Wheat: 5.5850… +0.0075

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Grain Cash Bids:

Omaha Corn: 4.59… +0.09

Kansas City Wheat: 5.38… +0.16

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Financial Markets:

DJIA: 38,460.98… -422.96

S & P 500: 5,160.51… -49.43

NASDAQ: 16,170.36… -136.28

U.S. Dollar Index: 105.16… -1.02






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