Apr 08 2019

Texas Daily Ag Market News Summary Posted 5 years 9 days ago by Administrator Account

Daily Market Summary for April 8th  

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

---

Slaughter Cattle:  

As of 3:00 PM Monday, negotiated cash trade has been mostly inactive in all major feeding regions, not enough sales in any region for an adequate market test. The last established market was last week in the Southern Plains with live purchases at 124.00. In Nebraska last week, live purchases were from 126.00-126.50 with the bulk at 126.00. Dressed purchases sold from 204.00-206.00. In Colorado last week, live purchases traded at 126.00. In the Western Cornbelt live and dressed purchases traded from 127.00-128.00 and 204.00-206.00 respectively.

  

Negotiated Sales:

Confirmed: 1,387 --- Week Ago: 158 --- Year Ago: 272

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 34,900

Weighted avg weight:             829

Weighted avg net price:    200.32

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales last week saw prices trend mostly steady with the previous week. Most dressed sales were at $270/cwt delivered. The Alberta weighted average fed steer did move slightly higher to $160.83 and set a new annual high price. Fed prices are about $5/cwt higher than year ago. Fed supplies should remain moderate as yearlings get cleared up and most fed calves are still a few weeks away from being market ready.

 

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs         Sheep

Monday (est           120,000    2,000     475,000     9,000

Week ago (est)       115,000    2,000     476,000     9,000

Year ago (act)         118,000    2,000     451,000     8,000

Previous Day (Estimated)  Steers & Heifers     Cows & Bulls

                               Friday          83,000                  24,000

                           Saturday         25,000                  12,000

 

Boxed Beef: 

Boxed beef cutout values firm to higher on moderate to fairly good demand and moderate offerings to heavy offerings. Select and Choice chuck and loin cuts firm to higher while rib and round cuts mostly steady to weak. Beef trimmings mostly firm to slightly higher on moderate demand and light to moderate offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     228.67     220.88

Change from prior day:       +1.74       +0.60

Choice/Select spread:            7.79

Total Load Count (Cuts, Trimmings, Grinds): 117

 

Cutter Cow Cutout: 169.25… +0.44

  

CME Feeder Cattle Index: 143.30… -0.79

 

Futures

Live Cattle:

April: 125.80… -0.25

June: 120.57… +0.22

August: 117.72… +0.35

Feeder Cattle:

April: 146.72… +0.57

May: 150.57… +0.35

August: 157.70… +0.98

---

April Hogs: 78.60… -0.42

April Crude Oil: 64.40... +1.32

---

May Corn: 3.6000… -0.0250

May Soybeans: 8.9875…-0.0025

May Wheat: 4.6525… -0.0250

---

Grain Cash Bids:

Kansas City Corn: 3.62… -0.02

Kansas City Soybeans: 8.59… -0.05

Kansas City Wheat: 4.43… -0.02

---

Financial Markets:

Dow Jones Industrial Average: 26,341.02… -83.97

S & P 500: 2,895.77… +3.03

NASDAQ: 7,953.88… +15.19

U.S. Dollar Index: 97.03… -0.36

Cotton (www.ams.usda.gov): 

May Cotton Futures: 78.92… +0.67

Milk (www.cmegroup.com): 

April Class III Milk Futures: 15.86… +0.01