Apr 27 2021

Texas Daily Ag Market News Summary Posted 2 years 357 days ago by Administrator Account

Daily Market Summary for April 27^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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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 26^th:

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