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Apr
16
2024

Texas Daily Ag Market News Summary

Posted 62 days ago by Administrator Account

Daily Market Summary for April 16th

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 Tuesday in all trading regions, negotiated cash was 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:         187

Week Ago:            43

Year Ago:            807

Formula Net - Dressed Steers & Heifers:

Head count priced today:   15,000

Weighted avg. weight:         885.00

Weighted avg. net price:     297.30

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Cattle Slaughter under Federal Inspection

Tuesday              124,000

Week Ago           125,000

Year Ago             128,749

Week to Date     245,000

Last Week           246,000

Last Year             250,806

Monday

Steers & Heifers:    97,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 298.02… -2.86

Select:  292.64… +1.30

Choice/Select Spread: 5.38

Total Load Count: 111

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Cutter Cow Cutout:

270.16... +0.62

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CME Feeder Cattle Index for April 15th:

241.36… +0.29 / +0.12%

1 Year Change: +17.37%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 181.50… +1.20

June: 175.72… +1.90

August: 172.92… +1.80

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Feeder Cattle:

April: 240.35… +0.80

May: 240.97… +2.97

August: 252.35… +2.58

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May Lean Hogs: 94.72… +0.40

April Crude Oil: 85.39… -0.02

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May Corn: 4.3100… -0.0050

May Wheat: 5.4975… -0.0200

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Grain Cash Bids:

Omaha Corn: 4.36… -0.06

Kansas City Wheat: 5.33… +0.02

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Financial Markets:

DJIA: 37,798.64… +63.40

S & P 500: 5,051.32… -10.51

NASDAQ: 15,865.25… -19.77

U.S. Dollar Index: 106.34… +0.13






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