Texas Daily Ag Market News Summary

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