Apr 12 2021

Texas Daily Ag Market News Summary Posted 3 years 13 days ago by Administrator Account

Daily Market Summary for April 12^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been a t a standstill in the 5 Area Feeding Region. Last in the Southern Plains live purchases traded at 120.00. For the prior week in Nebraska live and dressed purchases traded mostly at 123.00 and 195.00, respectively. Last week in Colorado live purchases traded from 120.00-123.00. For the previous week in the Western Cornbelt live and dressed purchases traded mostly from 123.00-125.00 and 195.00-196.00, respectively.

 

Negotiated Sales:

Confirmed:          201

Week Ago:           180

Year Ago:           None

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   37,700

Weighted avg. weight:        843 lbs.

Weighted avg. net price:    187.90

       

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       112,000

Week ago (est)                    105,000

Year ago (act)                        88,000

Previous Day (est)

Steers & Heifers:  86,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 271.41… -0.76

Select:  266.16… +2.09

Choice/Select Spread: 5.25

Total Load Count: 112

            

Cutter Cow Cutout:

191.16… +0.45

   

CME Feeder Cattle Index for April 9^th:

143.36… +1.57

            

Futures Settlements…

Live Cattle:

April: 122.72… -0.70

June: 122.10… -0.47

August: 121.95… -0.45

   

Feeder Cattle:

April: 144.50… -0.25

May: 149.70… +0.08

August: 160.57… +0.62

     

April Hogs: 103.52… +0.05

May Crude Oil: 59.70… +0.38

   

May Corn: 5.6900… -0.0825

May Wheat: 6.2800… -0.1075

   

Grain Cash Bids:

Kansas City Corn: 5.66… -0.08

Kansas City Wheat: 5.49… -0.08

   

Financial Markets:

DJIA: 33,745.40… -55.20

S & P 500: 4,127.99… -0.78

NASDAQ: 13,850.00… -50.19

U.S. Dollar Index: 92.16… -0.02