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Apr
12
2024

Texas Daily Ag Market News Summary

Posted 72 days ago by Administrator Account

Daily Market Summary for April 12th

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 slow on light demand. Compared to last week live FOB purchases traded 2.00 lower at 182.00, on a light test. In Kansas negotiated cash trade has been slow on light demand. Thursday was the most recent live FOB market at 182.00. In Nebraska negotiated cash trade cash trade and demand has been moderate. Compared to last week live FOB purchases 3.00 lower at 184.00, on a light test. Compared to last week dressed delivered purchases traded 3.00-4.00 lower at 293.00, with a few purchases up to 295.00. In the Western Cornbelt negotiated cash has been slow on light demand. Thursday was the most recent live FOB market at 185.00 and dressed delivered purchases mostly at 293.00.

Negotiated Sales:

Confirmed:         16,841

Week Ago:          22,326

Year Ago:              3,896

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,400

Weighted avg. weight:         858.00

Weighted avg. net price:     295.53

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Cattle Slaughter under Federal Inspection

Friday                  109,000

Week Ago           115,000

Year Ago             112,739

Week to Date     591,000

Last Week           589,00

Last Year             598,313

Thursday

Steers & Heifers:    99,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 300.57… +2.20

Select:  295.54… +0.39

Choice/Select Spread: 5.03

Total Load Count: 106

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Cutter Cow Cutout:

269.57… +1.45

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CME Feeder Cattle Index for April 11th:

244.57… +0.92 / +0.38%

1 Year Change: +26.56%

52 Week Range: 193.24 to 254.09

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Futures Settlements:

Live Cattle:

April: 178.90… -1.35

June: 171.47… -2.43

August: 168.75… -2.70

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Feeder Cattle:

April: 237.60… -1.57

May: 234.20… -3.95

August: 245.50… -3.45

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May Lean Hogs: 93.87… -3.43

April Crude Oil: 85.42… +0.40

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May Corn: 4.3550… +0.0675

May Wheat: 5.5600… +0.0425

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Grain Cash Bids:

Omaha Corn: 4.60… +0.07

Kansas City Wheat: 5.35… +0.07

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Financial Markets:

DJIA: 37,983.90… -474.39

S & P 500: 5,123.40… -75.55

NASDAQ: 16,175.09… -267.11

U.S. Dollar Index: 106.04… +0.76






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