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Texas Daily Ag Market News Summary

Posted 180 days ago ago by Administrator Account

Daily Market Summary for April 20th

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 in the Southern and Northern Plains, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough trades 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 purchases and dressed purchases traded from 122.00-124.00 and from 194.00-196.00, respectively.

  

Negotiated Sales:

Confirmed:         74

Week Ago:        218

Year Ago:          424

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,800

Weighted avg. weight:        872 lbs.

Weighted avg. net price:     198.80

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       121,000

Week ago (est)                    116,000

Year ago (act)                        85,000

Week to Date                      240,000

Same Period Last Week    228,000

Same Period Last Year     172,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 278.26… +2.09

Select:  270.47… +1.34

Choice/Select Spread: 7.79

Total Load Count: 91

            

Cutter Cow Cutout:

194.42… -0.44

   

CME Feeder Cattle Index for April 19th:

138.48… -1.65

            

Futures Settlements…

Live Cattle:

April: 120.57… +0.22

June: 119.20… +0.60

August: 119.40… +0.75

   

Feeder Cattle:

April: 137.57… -0.15

May: 142.77… +0.30

August: 154.52… +1.75

     

May Hogs: 108.07… +2.42

May Crude Oil: 62.44… -0.94

   

May Corn: 6.0650… +0.1450

May Wheat: 6.5975… +0.0750

   

Grain Cash Bids:

Kansas City Corn: 6.04… +0.15

Kansas City Wheat: 5.91… +0.09

   

Financial Markets:

DJIA: 33,802.51… -261.93

S & P 500: 4,136.21… -27.43

NASDAQ: 13,790.45… -124.32

U.S. Dollar Index: 91.19… +0.12