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Apr
30
2024

Texas Daily Ag Market News Summary

Posted 54 days ago by Administrator Account

Daily Market Summary for April 30th

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 Tuesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. 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. In the Western Cornbelt negotiated cash trade was slow on light demand. The most recent market was Monday with live FOB purchases at 185.00. Last week dressed delivered purchases traded at 294.00, on a light test.

Negotiated Sales:

Confirmed:         1,051

Week Ago:             383

Year Ago:               773

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,300

Weighted avg. weight:         894.00

Weighted avg. net price:     290.32

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Cattle Slaughter under Federal Inspection

Tuesday              124,000

Week Ago           125,000

Year Ago             127,306

Week to Date     237,000

Last Week           238,000

Last Year             249,396

Monday

Steers & Heifers:     92,000

Cows & Bulls:           21,000

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Boxed Beef:

Cutout Values:

Choice: 294.37… -3.45

Select:  289.95… -0.26

Choice/Select Spread: 4.42

Total Load Count: 110

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Cutter Cow Cutout:

269.35… -0.72

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CME Feeder Cattle Index for April 29th:

247.00… -0.18 / -0.07%

1 Year Change: +22.39%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

April: 185.00… -0.40

June: 174.97… -2.18

August: 173.10… -2.57

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Feeder Cattle:

May: 244.57… -3.45

August: 255.50… -4.12

September: 256.47… -4.25

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June Lean Hogs: 102.47… Unchanged

June Crude Oil: 81.64... -0.99

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July Corn: 4.4675… -0.0250

July Wheat: 6.0325… -0.0525

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Grain Cash Bids:

Omaha Corn: 4.49… -0.15

Kansas City Wheat: 5.80… -0.16

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Financial Markets:

DJIA: 37,815.52… -575.41

S & P 500: 5,035.68… -80.61

NASDAQ: 15,657.82… -325.26

U.S. Dollar Index: 106.24… +0.66






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