Apr 27 2020

Texas Daily Ag News Market Summary Posted 3 years 358 days ago by Administrator Account

Daily Market Summary for April 27th

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

 

---

Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Western Cornbelt. In Nebraska negotiated cash trading has been very limited on very light demand. Not enough trades for a market trend. Last week live cash trades in the Texas Panhandle moved from 95.00-100.00. In Kansas live cash trades moved at 100.00. For the prior week in Nebraska and Western Cornbelt live and dressed cash trades moved mostly at 95.00 and from 150.00-160.00, respectively.

    

Negotiated Sales:

Confirmed:         1,408

Week Ago:             -0-

Year Ago:               334

     

Formula Net

Dressed Steers & Heifers:

Head count priced today: 27,000

Weighted avg. weight:       868 lbs.

Weighted avg. net price:   166.90

         

Cattle Slaughter under Federal Inspection:

Monday (est)                       81,000

Week ago (est)                    86,000

Year ago (act)                    120,000

Previous Day (est)

Steers & Heifers:  61,000

Cows & Bulls:        22,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 311.84… +18.47

Select:  298.78… +19.76

Choice/Select Spread: 13.06

Total Load Count: 96

         

Cutter Cow Cutout:

191.64… +1.86

    

CME Feeder Cattle Index for April 24th:

119.72… +0.24

        

Futures…

Live Cattle:

April: 84.80… -0.17

June: 84.05… +1.43

August: 90.40… +1.50

    

Feeder Cattle:

April: 120.40… +0.60

May: 118.15… +0.70

August: 127.27… +0.87

      

May Hogs: 56.27… +3.75

June Crude Oil: 16.94

    

May Corn: 3.0550… -0.1025

May Soybeans: 8.2900… -0.0325

May Wheat: 5.2100… -0.0575

    

Grain Cash Bids:

Kansas City Corn: 3.10… -0.09

Kansas City Soybeans: 8.22… -0.03

Kansas City Wheat: 5.03… -0.06

    

Financial Markets:

DJIA: 24,133.78… +358.51

S & P 500: 2,878.48… +41.74

NASDAQ: 8,730.16… +95.64

U.S. Dollar Index: 100.02… -0.36