Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been mostly inactive on light demand. In Kansas negotiated cash trade has been slow on light demand. The most recent market in the Southern Plains was Wednesday with live FOB purchases at 182.00. In Nebraska negotiated cash trade and demand has been moderate. Compared to last week in Nebraska live FOB purchases traded 1.00-2.00 higher from 184.00-185.00. Compared to last week dressed delivered purchases traded 1.00-2.00 higher at 294.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. Compared to last week in the Western Cornbelt live FOB purchases traded steady to 2.00 higher from 184.00-186.00, on a light test. Last week dressed delivered purchases at 292.00, on a light test.

Negotiated Sales:

Confirmed:      26,475

Week Ago:            110

Year Ago:           4,861

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,300

Weighted avg. weight:         890.00

Weighted avg. net price:     292.34

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Cattle Slaughter under Federal Inspection

Thursday             125,000

Week Ago           118,000

Year Ago             123,294

Week to Date     488,000

Last Week           487,000

Last Year             498,788

Wednesday

Steers & Heifers:   101,000

Cows & Bulls:           24,000

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Boxed Beef:

Cutout Values:

Choice: 295.66… -0.08

Select:  288.41… -2.01

Choice/Select Spread: 7.25

Total Load Count: 133

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Cutter Cow Cutout:

268.65… -0.54

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CME Feeder Cattle Index for April 24th:

245.15… +2.51 / +1.03%

1 Year Change: +21.81%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 183.95… +1.85

June: 177.80… +2.55

August: 176.05… +2.68

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Feeder Cattle:

April: 244.87… +1.77

May: 246.25… +2.15

August: 258.30… +2.00

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June Lean Hogs: 105.00… +2.45

June Crude Oil: 83.71… +0.90

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July Corn: 4.5200… +0.0350

July Wheat: 6.2050… +0.0750

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Grain Cash Bids:

Omaha Corn: 4.46… +0.03

Kansas City Wheat: 5.91… +0.11

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Financial Markets:

DJIA: 38,086.25… -374.87

S & P 500: 5,048.42… -23.26

NASDAQ: 15,611.76… -100.98

U.S. Dollar Index: 105.59… -0.27