Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday the Southern Plains and Nebraska, negotiated has been at a standstill. In the Western Cornbelt negotiated cash has been mostly inactive on very light demand. 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:           110

Week Ago:       25,223

Year Ago:            8,100

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,500

Weighted avg. weight:         890.00

Weighted avg. net price:     293.51

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Cattle Slaughter under Federal Inspection

Thursday            118,000

Week Ago           124,000

Year Ago             128,431

Week to Date     487,000

Last Week           482,000

Last Year             504,998

Wednesday

Steers & Heifers:    99,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 295.80… -0.98

Select:  289.27… -1.61

Choice/Select Spread: 6.53

Total Load Count: 143

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Cutter Cow Cutout:

266.05… +0.09

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CME Feeder Cattle Index for April 17th:

242.35… -0.28 / -0.12%

1 Year Change: +17.43%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 181.17… +0.27

June: 175.37… +0.05

August: 173.52… +0.75

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Feeder Cattle:

April: 241.60… +1.18

May: 242.55… +2.28

August: 254.30… +2.18

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May Lean Hogs: 94.72… -0.20

April Crude Oil: 82.72… +0.03

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May Corn: 4.2675… -0.0350

May Wheat: 5.3675… -0.0025

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Grain Cash Bids:

Omaha Corn: 4.32… -0.03

Kansas City Wheat: 5.22… +0.03

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Financial Markets:

DJIA: 37,777.81… +25.29

S & P 500: 5,011.15… -11.03

NASDAQ: 15,601.50… -81.87

U.S. Dollar Index: 106.15… +0.20