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Apr
19
2024

Texas Daily Ag Market News Summary

Posted 93 days ago by Administrator Account

Daily Market Summary for April 19th

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 Southern Plains and Nebraska, negotiated cash trade and demand has been moderate. Compared to last week in the Southern Plains live FOB purchases traded steady at 182.00. Compared to last week in Nebraska live FOB purchases traded mostly 1.00 lower at 183.00. Compared to last week dressed delivered purchases traded 1.00 lower at 292.00. In the Wester Cornbelt negotiated cash has been slow on light to moderate demand. Compared to last week live FOB purchases traded 1.00 lower at 184.00. Compared to last week dressed delivered purchases traded 1.00 lower at 292.00, on a light test.

Negotiated Sales:

Confirmed:       43,338

Week Ago:        16,841

Year Ago:          14,814

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,300

Weighted avg. weight:         866.00

Weighted avg. net price:     294.19

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Cattle Slaughter under Federal Inspection

Friday                  113,000

Week Ago           109,000

Year Ago             108,586

Week to Date     600,000

Last Week           591,000

Last Year             613,584

Thursday

Steers & Heifers:    93,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 295.67… -0.13

Select:  290.83… +1.56

Choice/Select Spread: 4.84

Total Load Count: 126

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Cutter Cow Cutout:

269.72… +3.67

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CME Feeder Cattle Index for April 18th:

241.73… -0.62 / -0.26%

1 Year Change: +17.21%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 181.47… +0.30

June: 175.67… +0.30

August: 173.55… +0.03

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Feeder Cattle:

April: 241.32… -0.28

May: 242.00… -0.55

August: 254.50… -0.80

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May Lean Hogs: 96.22… +1.50

April Crude Oil: 83.21… +0.48

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May Corn: 4.3350… +0.0675

May Wheat: 5.5025… +0.1350

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Grain Cash Bids:

Omaha Corn: 4.38… +0.06

Kansas City Wheat: 5.33… +0.11

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Financial Markets:

DJIA: 37,986.36… +208.55

S & P 500: 4,967.19… -43.96

NASDAQ: 15,282.01… -319.49

U.S. Dollar Index: 106.15… -0.01






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