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Apr
11
2024

Texas Daily Ag Market News Summary

Posted 73 days ago by Administrator Account

Daily Market Summary for April 11th

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 Thursday in the Texas Panhandle, negotiated cash has been slow on light demand. There have been a few early live FOB purchases at 182.00, however not enough purchases for a market trend. Last week live FOB purchases traded at 184.00. In Kansas negotiated cash trade has been moderate on trade and demand. Compared to last week live FOB purchases traded 1.00-2.00 lower at 182.00. In Nebraska negotiated cash trade has been slow on light demand, however not enough purchases for an adequate market test. Last week live FOB purchases at 187.00 and dressed delivered purchases from 296.00-297.00. In the Western Cornbelt negotiated cash has been moderate on trade and demand. Compared to Wednesday live FOB purchases traded steady at 185.00. Compared to last week dressed delivered purchases traded at 4.00 lower mostly at 293.00.

Negotiated Sales:

Confirmed:         25,223

Week Ago:          10,033

Year Ago:            20,198

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,200

Weighted avg. weight:         896.00

Weighted avg. net price:     296.63

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Cattle Slaughter under Federal Inspection

Thursday            124,000

Week Ago           122,000

Year Ago             124,873

Week to Date     482,000

Last Week           474,000

Last Year             458,574

Wednesday

Steers & Heifers:    88,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 298.37… +0.14

Select:  295.15… -0.87

Choice/Select Spread: 3.22

Total Load Count: 124

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Cutter Cow Cutout:

268.12… -2.11

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CME Feeder Cattle Index for April 10th:

243.65… -1.84 / -0.75%

1 Year Change: +26.24%

52 Week Range: 193.01 to 254.09

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Futures Settlements:

Live Cattle:

April: 180.25… +1.18

June: 173.90… +1.05

August: 171.45… +0.80

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Feeder Cattle:

April: 239.17… +0.90

May: 238.15… +1.63

August: 248.95… +1.35

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May Lean Hogs: 97.30… +0.75

April Crude Oil: 85.25... -0.96

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May Corn: 4.2875… -0.0550

May Wheat: 5.5175… -0.0675

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Grain Cash Bids:

Omaha Corn: 4.53… -0.06

Kansas City Wheat: 5.28… -0.10

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Financial Markets:

DJIA: 38,458.29… -2.69

S & P 500: 5,198.95… +38.44

NASDAQ: 16,442.20… +271.84

U.S. Dollar Index: 105.26… +0.01







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