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Apr
15
2024

Texas Daily Ag Market News Summary

Posted 63 days ago by Administrator Account

Daily Market Summary for April 15th

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 all trading regions, negotiated cash has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 182.00. Last week in Nebraska live FOB purchases traded at 184.00 while dressed delivered purchases traded at 293.00. Last week in the Western Cornbelt live FOB purchases traded at 185.00 and dressed delivered purchases mostly at 293.00.

Negotiated Sales:

Confirmed:         135

Week Ago:          352

Year Ago:             299

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,900

Weighted avg. weight:         876.00

Weighted avg. net price:     294.83

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Cattle Slaughter under Federal Inspection

Monday              121,000

Week Ago           121,000

Year Ago             122,057

Week to Date     121,000

Last Week           121,000

Last Year             122,057

Friday

Steers & Heifers:    85,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 300.88… +0.31

Select:  291.34… -4.20

Choice/Select Spread: 9.54

Total Load Count: 90

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Cutter Cow Cutout:

269.54… -0.03

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CME Feeder Cattle Index for April 12th:

241.07… -3.50 / -1.41%

1 Year Change: +17.23%

52 Week Range: 193.24 to 254.09

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Futures Settlements:

Live Cattle:

April: 180.30… +1.40

June: 173.82… +2.35

August: 171.12… +2.37

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Feeder Cattle:

April: 239.55… +1.95

May: 238.00… +3.80

August: 249.77… +4.27

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May Lean Hogs: 94.32… +0.45

April Crude Oil: 85.53… -0.13

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May Corn: 4.3150… -0.0400

May Wheat: 5.5175… -0.0425

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Grain Cash Bids:

Omaha Corn: 4.42… -0.04

Kansas City Wheat: 5.31… -0.04

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Financial Markets:

DJIA: 37,735.24… -248.66

S & P 500: 5,061.83… -61.57

NASDAQ: 15,885.02… -290.07

U.S. Dollar Index: 106.19… +0.15






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