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Texas Daily Ag Market News Summary

Posted 158 days ago ago by Administrator Account

Daily Market Summary for April 19th

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 Monday, 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 with very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded at 120.00. In Kansas live purchases traded from 120.00-121.00. For the prior week in Nebraska live and dressed purchases traded from 122.00-126.00 and at 196.00, respectively. In Colorado live purchases traded from 122.00-123.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 122.00-124.00 and from 194.00-196.00, respectively.

  

Negotiated Sales:

Confirmed:       164

Week Ago:        201

Year Ago:         None

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   35,500

Weighted avg. weight:        860 lbs.

Weighted avg. net price:     192.71

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                    112,000

Year ago (act)                        87,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 276.17… +0.12

Select:  269.13… +0.03

Choice/Select Spread: 7.04

Total Load Count: 91

            

Cutter Cow Cutout:

194.36… +3.36

   

CME Feeder Cattle Index for April 16th:

140.13… -1.55

            

Futures Settlements…

Live Cattle:

April: 120.35… -0.50

June: 118.60… -0.57

August: 118.65… -0.50

   

Feeder Cattle:

April: 137.72… -1.90

May: 142.47… -1.25

August: 152.77… -1.78

     

May Hogs: 105.65… +3.18

May Crude Oil: 63.38… +0.25

   

May Corn: 5.9200… +0.0650

May Wheat: 6.5225… -0.0025

   

Grain Cash Bids:

Kansas City Corn: 5.89… +0.06

Kansas City Wheat: 5.82… +0.03

   

Financial Markets:

DJIA: 34,082.44… -118.23

S & P 500: 4,163.64… -21.83

NASDAQ: 13,914.77… -137.57

U.S. Dollar Index: 91.10… -0.46