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Apr
13
2021
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Posted 10 days ago ago by Administrator Account
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Daily Market Summary for April 13th
The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!
Slaughter Cattle:
As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week 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: 228
Week Ago: 1,281
Year Ago: 1,433
Formula Net
Dressed Steers & Heifers:
Head count priced today: 12,900
Weighted avg. weight: 850 lbs.
Weighted avg. net price: 193.34
Cattle Slaughter under Federal Inspection:
Tuesday (est) 116,000
Week ago (est) 120,000
Year ago (act) 95,000
Week to Date 228,000
Same Period Last Week 225,000
Same Period Last Year 183,000
Previous Day (est)
Steers & Heifers: 87,000
Cows & Bulls: 25,000
Boxed Beef:
Cutout Values:
Choice: 270.11… -1.30
Select: 266.54… +0.38
Choice/Select Spread: 3.57
Total Load Count: 125
Cutter Cow Cutout:
190.90… -0.26
CME Feeder Cattle Index for April 12th:
143.66… +0.30
Futures Settlements…
Live Cattle:
April: 122.40… -0.32
June: 120.92… -1.18
August: 120.90… -1.05
Feeder Cattle:
April: 142.45… -2.05
May: 147.32… -2.38
August: 158.15… -2.42
May Hogs: 104.92… +0.52
May Crude Oil: 60.18… +0.48
May Corn: 5.8000… +0.1100
May Wheat: 6.2975… +0.0175
Grain Cash Bids:
Kansas City Corn: 5.77… +0.11
Kansas City Wheat: 5.55… +0.06
Financial Markets:
DJIA: 33,679.05… -66.36
S & P 500: 4,141.66… +13.67
NASDAQ: 13,995.10… +145.10
U.S. Dollar Index: 91.84… -0.30