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Apr
14
2021

Texas Daily Ag Market News Summary

Posted 163 days ago ago by Administrator Account

Daily Market Summary for April 14th

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 Wednesday, negotiated cash trading has been at a standstill in the Southern Plains, Colorado and Western Cornbelt. In Nebraska negotiated cash trading has been inactive with very light demand. Not enough purchases for a full 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:          300

Week Ago:      32,172

Year Ago:        13,486

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   15,700

Weighted avg. weight:        863 lbs.

Weighted avg. net price:     195.00

       

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 115,000

Week ago (est)                    120,000

Year ago (act)                        90,000

Week to Date                       343,000

Same Period Last Week     345,000

Same Period Last Year       273,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 272.91… +2.80

Select:  267.31… +0.77

Choice/Select Spread: 5.60

Total Load Count: 108

            

Cutter Cow Cutout:

192.67… +1.77

   

CME Feeder Cattle Index for April 13th:

143.56… -0.10

            

Futures Settlements…

Live Cattle:

April: 122.10… -0.30

June: 120.05… 0.87

August: 120.17… -0.73

   

Feeder Cattle:

April: 141.15… -1.30

May: 145.42… -1.90

August: 156.70… -1.45

     

May Hogs: 106.57… +1.65

May Crude Oil: 63.15… +2.97

   

May Corn: 5.9400… +0.1400

May Wheat: 6.4800… +0.1825

   

Grain Cash Bids:

Kansas City Corn: 5.91… +0.14

Kansas City Wheat: 5.74… +0.19

   

Financial Markets:

DJIA: 33,731.82… +52.77

S & P 500: 4,124.71… -16.95

NASDAQ: 13,857.84… -137.26

U.S. Dollar Index: 91.66… -0.19