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Texas Daily Ag Market News Summary

Posted 180 days ago ago by Administrator Account

Daily Market Summary for April 27th

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, negotiated cash trading in Nebraska and the Western Cornbelt has been mostly inactive on very light demand, 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. Last week in Nebraska, live purchases traded from 121.00-123.00 and dressed purchases traded at 192.00. On Monday in Colorado live purchases traded at 119.00. In the Western Cornbelt last week, live purchases traded from 120.00-123.00 and dressed purchases traded at 192.00.

  

Negotiated Sales:

Confirmed:              787

Week Ago:               164

Year Ago:              5,968

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   25,100

Weighted avg. weight:        842 lbs.

Weighted avg. net price:     194.22

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       121,000

Week ago (est)                    121,000

Year ago (act)                        75,000

Week to Date                      238,000

Same Period Last Week    240,000

Same Period Last Year      152,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 290.99… +5.79

Select:  279.53… +5.18

Choice/Select Spread: 11.46

Total Load Count: 105

            

Cutter Cow Cutout:

196.38... +1.07

   

CME Feeder Cattle Index for April 26th:

135.22… -0.28

            

Futures Settlements…

Live Cattle:

April: 118.37… -0.13

June: 115.85… -0.42

August: 117.30… -0.65

   

Feeder Cattle:

April: 134.20… +1.45

May: 135.87… -1.40

August: 150.07… -0.23

     

May Hogs: 109.80… +0.55

June Crude Oil: 62.94… +1.03

   

May Corn: 6.9550… +0.1500

May Wheat: 7.3375… -0.0575

   

Grain Cash Bids:

Kansas City Corn: 6.93… +0.15

Kansas City Wheat: 6.79… +0.02

   

Financial Markets:

DJIA: 33,982.82… +0.85

S & P 500: 4,186.57… -1.17

NASDAQ: 14,090.22… -48.56

U.S. Dollar Index: 90.89… +0.08