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Texas Daily Ag Market News Summary

Posted 155 days ago ago by Administrator Account

Daily Market Summary for April 22nd

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 Nebraska and Western Cornbelt, negotiated cash trading has been slow with moderate demand. In Nebraska, compared to the last reported live market on Wednesday, live purchases traded steady to 2.00 lower at 121.00 and dressed purchases, compared to last week, traded 4.00 lower at 192.00. In the Western Cornbelt, compared to the last reported live market on Wednesday, live purchases traded 1.00-2.00 lower from 121.00-122.00 and dressed purchases, compared to last week, traded 2.00-4.00 lower at 192.00. Thus far for Thursday in Colorado negotiated cash trading has been limited on light demand. Compared to last week live purchases traded 1.00-2.00 lower at 121.00. So far for Thursday in the Southern Plains negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. Wednesday was the last reported live trade with the Texas Panhandle at 120.00 and Kansas from 118.00-120.00.

  

Negotiated Sales:

Confirmed:        22,156

Week Ago:         39,187

Year Ago:             4,546

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,800

Weighted avg. weight:        856 lbs.

Weighted avg. net price:     195.24

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                     118,000

Week ago (est)                    114,000

Year ago (act)                        82,000

Week to Date                      478,000

Same Period Last Week     457,000

Same Period Last Year       340,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 282.31… +1.85

Select:  273.69… +1.81

Choice/Select Spread: 8.62

Total Load Count: 93

            

Cutter Cow Cutout:

195.70… -0.14

   

CME Feeder Cattle Index for April 21st:

137.53… -0.80

            

Futures Settlements…

Live Cattle:

April: 118.32… -1.45

June: 115.85… -1.40

August: 116.72… -1.25

   

Feeder Cattle:

April: 132.25… -2.85

May: 137.02… -2.58

August: 148.37… -3.55

     

May Hogs: 107.45… -0.15

June Crude Oil: 61.62… +0.27

   

May Corn: 6.5050… +0.2500

May Wheat: 7.1025… +0.3700

   

Grain Cash Bids:

Kansas City Corn: 6.48… +0.25

Kansas City Wheat: 6.38… +0.37

   

Financial Markets:

DJIA: 33,814.91… -324.11

S & P 500: 4,134.95… -38.59

NASDAQ: 13,817.56… -132.66

U.S. Dollar Index: 91.29… +0.13