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Apr
15
2021
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Posted 8 days ago ago by Administrator Account
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Daily Market Summary for April 15th
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 Thursday in the Texas Panhandle, negotiated cash trading has been slow on light demand. Compared to last week live purchases traded steady at 120.00. In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been slow with moderate demand. In Kansas, when compared to last week, live purchases traded steady to 1.00 higher from 120.00-121.00. In Nebraska, when compared to the prior week, live purchases traded steady to 3.00 higher from 123.00-126.00 and dressed purchases traded 1.00 higher at 196.00. In the Western Cornbelt, when compared to the previous week, dressed purchases traded steady to 1.00 higher at 196.00. Not enough live purchases for a market trend. Last week live purchases traded from 123.00-125.00. So far for Thursday in Colorado negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. Last week live purchases traded from 120.00-123.00.
Negotiated Sales:
Confirmed: 39,187
Week Ago: 10,254
Year Ago: 1,936
Formula Net
Dressed Steers & Heifers:
Head count priced today: 22,700
Weighted avg. weight: 852 lbs.
Weighted avg. net price: 194.66
Cattle Slaughter under Federal Inspection:
Thursday (est) 114,000
Week ago (est) 119,000
Year ago (act) 90,000
Week to Date 457,000
Same Period Last Week 464,000
Same Period Last Year 363,000
Previous Day (est)
Steers & Heifers: 88,000
Cows & Bulls: 27,000
Boxed Beef:
Cutout Values:
Choice: 276.62… +3.71
Select: 268.43… +1.12
Choice/Select Spread: 8.19
Total Load Count: 103
Cutter Cow Cutout:
193.17… +0.50
CME Feeder Cattle Index for April 14th:
142.30… -1.26
Futures Settlements…
Live Cattle:
April: 121.60… -0.50
June: 119.65… -0.40
August: 119.70… -0.47
Feeder Cattle:
April: 140.05… -1.10
May: 144.42… -1.00
August: 155.60… -1.10
May Hogs: 103.57… -3.00
May Crude Oil: 63.15
May Corn: 5.9000… -0.0400
May Wheat: 6.5375… +0.0575
Grain Cash Bids:
Kansas City Corn: 5.87… -0.04
Kansas City Wheat: 5.78… +0.04
Financial Markets:
DJIA: 34,036.05… +304.23
S & P 500: 4,170.45… +45.74
NASDAQ: 14,030.24… +172.40
U.S. Dollar Index: 91.65… -0.04