Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in the Southern Plains, negotiated trade and demand has been moderate. Compared to last week in the Southern Plains live FOB purchases traded steady at 182.00. In Nebraska negotiated cash trade has been mostly inactive on light demand. In the Western Cornbelt negotiated cash trade has been at a standstill. 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:      10,930

Week Ago:            305

Year Ago:         13,378

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,400

Weighted avg. weight:         873.00

Weighted avg. net price:     291.76

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Cattle Slaughter under Federal Inspection

Wednesday       125,000

Week Ago           124,000

Year Ago             123,210

Week to Date     363,000

Last Week           369,000

Last Year             375,494

Tuesday

Steers & Heifers:   100,000

Cows & Bulls:           25,000

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Boxed Beef:

Cutout Values:

Choice: 295.74... -1.66

Select:  290.42... -2.34

Choice/Select Spread: 5.32

Total Load Count: 148

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Cutter Cow Cutout:

269.19... +1.28

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CME Feeder Cattle Index for April 23rd:

242.64… -0.58 / -0.24%

1 Year Change: +19.98%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 182.10… -1.25

June: 175.25… -1.90

August: 173.37… -2.13

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Feeder Cattle:

April: 243.10… -0.65

May: 244.10… -1.95

August: 256.30… -3.10

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June Lean Hogs: 107.45… -0.50

June Crude Oil: 82.95… -0.41

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July Corn: 4.4850… -0.0400

July Wheat: 6.1300… +0.1025

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Grain Cash Bids:

Omaha Corn: 4.43… -0.05

Kansas City Wheat: 5.80… +0.16

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Financial Markets:

DJIA: 38,461.12… -42.57

S & P 500: 5,071.68… +1.16

NASDAQ: 15,712.75… +16.11

U.S. Dollar Index: 105.79… +0.11