Apr 15 2019

Texas Daily Ag Market News Summary Posted 5 years 6 days ago by Administrator Account

Daily Market Summary for April 15th

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!

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Slaughter Cattle:  

As of 3:00 PM Monday, negotiated cash trade has been inactive in all major feeding regions. Not enough trade for an adequate market trend. Last week in the Southern Plains, live purchases traded at 124.00. In Nebraska last week, live purchases traded from 126.000-128.00, with dressed trades at 205.00. In Colorado last week, live purchases sold from 127.00-127.50. In the Western Cornbelt last week, live purchases traded from 127.00-130.00, with dressed trades from 204.00-206.

  

Negotiated Sales:

Confirmed: 379 --- Week Ago: 1,387 --- Year Ago: 254

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 54,200

Weighted avg weight:            833

Weighted avg net price:    198.24

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales last week saw light trade develop weighted average steer and heifer prices closing the week at 160.00 and 159.00 respectively. Prices are 1.00 lower than last week. All reported cash sales traded locally. Looking at the non-fed market butcher cows traded steady to 2.00 higher through commercial auction facilities last week.  Butcher cow and bull prices are trading 3.00-5.00 lower than last year while fed cattle prices are 5.00 than a year ago.

 

Livestock Slaughter under Federal Inspection:                                  

                                Cattle       Calves     Hogs         Sheep

Monday (est            121,000    2,000     436,000    10,000

Week ago (est)       120,000    2,000     475,000     9,000

Year ago (act)         115,000    2,000     461,000     7,000

Previous Day (Estimated)  Steers & Heifers     Cows & Bulls

                                Friday         93,000                  25,000

                           Saturday         39,000                   10,000

 

Boxed Beef: 

Boxed beef cutout values steady on Select and sharply higher on Choice on moderate to good demand and moderate offerings. Select and Choice rib, round, and loin cuts steady to firm. Select chuck cut weak while Choice higher. Beef trimmings unevenly steady on moderate demand and offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     230.98    221.22

Change from prior day:       +2.23      +0.20

Choice/Select spread:            9.76

Total Load Count (Cuts, Trimmings, Grinds): 93

 

Cutter Cow Cutout: 169.20… +0.03

  

CME Feeder Cattle Index: 142.99… +0.21

 

Futures

Live Cattle:

April: 126.30… -0.25

June: 121.47… +0.02

August: 118.32… +0.12

Feeder Cattle:

April: 145.67… +0.25

May: 151.02… +0.52

August: 159.15… +0.45

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May Hogs: 90.07… +0.47

April Crude Oil: 63.40… -0.49

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May Corn: 3.6275… +0.0175

May Soybeans: 8.9875… +0.0350

May Wheat: 4.5950… +0.0500

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Grain Cash Bids:

Kansas City Corn: 3.66… +0.02

Kansas City Soybeans: 8.56… +0.03

Kansas City Wheat: 4.37… -0.05

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Financial Markets:

Dow Jones Industrial Average: 26,384.77… -27.53

S & P 500: 2,905.58… -1.83

NASDAQ: 7,976.01… -8.15

U.S. Dollar Index: 96.93… Unchanged

Cotton (www.ams.usda.gov): 

May Cotton Futures: 76.49 … -1.62

Milk (www.cmegroup.com): 

April Class III Milk Futures: 15.89… -0.03