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Apr
22
2024

Texas Daily Ag Market News Summary

Posted 90 days ago by Administrator Account

Daily Market Summary for April 22th

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 trade 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 183.00, with a few purchases up to 184.00, with dressed delivered purchases traded from 292.00-293.00. Last week in the Western Cornbelt live FOB purchases at 184.00, with dressed delivered purchases at 292.00, on a light test.

Negotiated Sales:

Confirmed:             32

Week Ago:            135

Year Ago:              314

Formula Net - Dressed Steers & Heifers:

Head count priced today:   45,700

Weighted avg. weight:        870.00

Weighted avg. net price:     290.77

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Cattle Slaughter under Federal Inspection

Monday               113,000

Week Ago            121,000

Year Ago             125,147

Week to Date     113,000

Last Week           121,000

Last Year             125,147

Monday

Steers & Heifers:    91,000

Cows & Bulls:          22,000

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Boxed Beef:

Cutout Values:

Choice: 295.93… +0.26

Select:  291.87… +1.04

Choice/Select Spread: 4.06

Total Load Count: 104

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Cutter Cow Cutout:

269.57… -0.15

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CME Feeder Cattle Index for April 19th:

242.11… +0.38 / +0.16%

1 Year Change: +19.71%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 183.82… +2.35

June: 178.05… +2.38

August: 176.40… +2.85

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Feeder Cattle:

April: 242.90… +1.58

May: 245.17… +3.17

August: 258.47… +4.97

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May Lean Hogs: 96.70… +0.48

April Crude Oil: 83.02… -0.12

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May Corn: 4.3975… +0.0625

May Wheat: 5.7025… +0.2000

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Grain Cash Bids:

Omaha Corn: 4.46… +0.08

Kansas City Wheat: 5.53… +0.20

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Financial Markets:

DJIA: 38,240.44… +254.08

S & P 500: 5,010.65… +43.46

NASDAQ: 15,451.31… +169.30

U.S. Dollar Index: 106.13… -0.02






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