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Apr
26
2024

Texas Daily Ag Market News Summary

Posted 85 days ago by Administrator Account

Daily Market Summary for April 26th

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 Friday in the Texas Panhandle, negotiated cash trade has been at a standstill. 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 and the Western Cornbelt negotiated cash trade has been slow on light demand. The most recent market was Thursday with live FOB from 184.00-185.00, with a few purchases up to 187.00, with dressed delivered purchases traded from 294.00-295.00 The most recent market in the Western Cornbelt was Thursday with live FOB purchases traded from 184.00-186.00, with a few purchases up to 187.00, with dressed delivered purchases at 294.00, on a light test.
Negotiated Sales:
Confirmed:        5,527
Week Ago:       43,338
Year Ago:           2,749
Formula Net - Dressed Steers & Heifers:
Head count priced today:   40,300
Weighted avg. weight:         864.00
Weighted avg. net price:     293.43
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Cattle Slaughter under Federal Inspection
Friday                  111,000
Week Ago           113,000
Year Ago             106,140
Week to Date     601,000
Last Week           600,000
Last Year             604,198
Thursday
Steers & Heifers:   100,000
Cows & Bulls:           25,000
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Boxed Beef:
Cutout Values:
Choice: 297.14… +0.22
Select:  288.72… -0.94
Choice/Select Spread: 8.42
Total Load Count: 125
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Cutter Cow Cutout:
269.86… +1.21
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CME Feeder Cattle Index for April 25th:
245.53… +0.38 / +0.16%
1 Year Change: +21.97%
52 Week Range: 199.40 to 254.09
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Futures Settlements:
Live Cattle:
April: 184.67… +0.72
June: 178.57… +0.77
August: 176.77… +0.72
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Feeder Cattle:
May: 248.70… +2.45
August: 260.55… +2.25
September: 261.57… +2.15
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June Lean Hogs: 102.47… -2.53
June Crude Oil: 83.62… +0.05
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July Corn: 4.5000… -0.0200
July Wheat: 6.2225… +0.0175
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Grain Cash Bids:
Omaha Corn: 4.67… -0.02
Kansas City Wheat: 5.99… +0.08
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Financial Markets:
DJIA: 38,239.13… +152.88
S & P 500: 5,099.83… +51.41
NASDAQ: 15,927.90… +316.14
U.S. Dollar Index: 106.02… +0.42





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