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Texas Daily Ag Market News Summary

Posted 151 days ago ago by Administrator Account

Daily Market Summary for April 26th

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 mostly inactive on very light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Texas Panhandle live purchases traded at 120.00. In Kansas, live purchases traded from 118.00-120.00. In Nebraska, live purchases traded from 121.00-123.00 and dressed purchases traded at 192.00. In Colorado, live purchases traded at 121.00. In the Western Cornbelt, live purchases traded from 120.00-123.00 and dressed purchases traded at 192.00.

  

Negotiated Sales:

Confirmed:           1,446

Week Ago:               164

Year Ago:              1,513

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   47,800

Weighted avg. weight:        851 lbs.

Weighted avg. net price:     192.68

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       117,000

Week ago (est)                    119,000

Year ago (act)                        77,000

Previous Day (est)

Steers & Heifers:  88,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 285.20… +1.43

Select:  274.35… +2.22

Choice/Select Spread: 10.85

Total Load Count: 87

            

Cutter Cow Cutout:

195.31… -1.59

   

CME Feeder Cattle Index for April 22nd:

136.36… -1.17

            

Futures Settlements…

Live Cattle:

April: 118.50… +0.65

June: 116.27… +0.55

August: 117.95… +1.10

   

Feeder Cattle:

April: 132.75… -1.10

May: 137.27… -0.40

August: 150.30… +0.40

     

May Hogs: 109.25… -0.10

June Crude Oil: 61.91… -0.23

   

May Corn: 6.8050… +0.2500

May Wheat: 7.3975… +0.2950

   

Grain Cash Bids:

Kansas City Corn: 6.78… +0.25

Kansas City Wheat: 6.77… +0.34

   

Financial Markets:

DJIA: 33,981.97… -61.85

S & P 500: 4,187.74… +7.54

NASDAQ: 14,138.78… +121.97

U.S. Dollar Index: 90.83… -0.03