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Apr
23
2024

Texas Daily Ag Market News Summary

Posted 89 days ago by Administrator Account

Daily Market Summary for April 23rd

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 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:           383

Week Ago:            187

Year Ago:         23,954

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,800

Weighted avg. weight:         885.00

Weighted avg. net price:     292.18

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Cattle Slaughter under Federal Inspection

Tuesday              125,000

Week Ago           124,000

Year Ago             127,137

Week to Date     238,000

Last Week           245,000

Last Year             252,284

Monday

Steers & Heifers:    92,000

Cows & Bulls:          21,000

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Boxed Beef:

Cutout Values:

Choice: 297.40… +1.47

Select:  292.76… +0.89

Choice/Select Spread: 4.64

Total Load Count: 147

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Cutter Cow Cutout:

267.91… -1.66

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CME Feeder Cattle Index for April 22nd:

243.22… +1.11 / +0.46%

1 Year Change: +20.26%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 183.35… -0.47

June: 177.15… -0.90

August: 175.50… -0.90

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Feeder Cattle:

April: 243.75… -0.85

May: 246.05… +0.88

August: 259.40… +0.93

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June Lean Hogs: 107.95… +2.45

June Crude Oil: 83.37… +1.47

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July Corn: 4.5250… +0.0275

July Wheat: 6.0275… +0.1525

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Grain Cash Bids:

Omaha Corn: 4.48… +0.02

Kansas City Wheat: 5.64… +0.11

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Financial Markets:

DJIA: 38,503.69… +263.25

S & P 500: 5,070.52… +59.87

NASDAQ: 15,696.64… +245.33

U.S. Dollar Index: 105.67… -0.41






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