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Apr
29
2024

Texas Daily Ag Market News Summary

Posted 83 days ago by Administrator Account

Daily Market Summary for April 29th

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 Monday in the Southern Plains and the Western Cornbelt, negotiated cash trade has been at a standstill. In Nebraska negotiated cash trade has been mostly inactive on light demand. Last week in the Southern Plains live FOB purchases at 182.00. Last week in Nebraska live FOB purchases traded from 184.00-185.00, with a few purchases up to 187.00 and dressed delivered purchases traded from 294.00-295.00. Last week in the Western Cornbelt live FOB purchases traded from 184.00-186.00, with a few purchases up to 187.00 and dressed delivered purchases at 294.00, on a light test.

Negotiated Sales:

Confirmed:          414

Week Ago:             35

Year Ago:             176

Formula Net - Dressed Steers & Heifers:

Head count priced today:   43,300

Weighted avg. weight:         884.00

Weighted avg. net price:     290.26

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Cattle Slaughter under Federal Inspection

Monday              113,000

Week Ago           122,090

Year Ago             113,000

Week to Date     113,000

Last Week           113,000

Last Year             122,090

Friday

Steers & Heifers:     90,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 297.53… +0.39

Select:  290.21… +1.49

Choice/Select Spread: 7.32

Total Load Count: 104

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Cutter Cow Cutout:

270.08… +0.22

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CME Feeder Cattle Index for April 26th:

247.18… +1.65 / +0.67%

1 Year Change: +22.48%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 185.40… +0.73

June: 177.15… -1.42

August: 175.67… -1.10

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Feeder Cattle:

May: 248.02… -0.68

August: 259.62… -0.93

September: 260.72… -0.85

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June Lean Hogs: 102.47… Unchanged

June Crude Oil: 83.85… +1.10

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July Corn: 4.4925… -0.0075

July Wheat: 6.0850… -0.1375

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Grain Cash Bids:

Omaha Corn: 4.64… -0.03

Kansas City Wheat: 5.96… -0.03

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Financial Markets:

DJIA: 38,390.93… +151.80

S & P 500: 5,116.29… +16.46

NASDAQ: 15,983.08… +55.18

U.S. Dollar Index: 105.63… -0.31






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