Apr 26 2021

Texas Daily Ag Market News Summary Posted 3 years 0 days ago by Administrator Account

Daily Market Summary for April 26^th

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 22^nd:

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