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Apr
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Texas Daily Ag Market News Summary

Posted 171 days ago ago by Administrator Account

Daily Market Summary for April 29th

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, negotiated cash trading has been limited on 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 the Texas Panhandle and Colorado. In the Southern Plains on Wednesday, live purchases traded from 118.00-119.00 in the Texas Panhandle and at 118.00 in Kansas. On Wednesday in Nebraska, live purchases traded from 119.00-120.00 and dressed purchases traded from 190.00-191.00. On Monday in Colorado live purchases traded at 119.00. On Wednesday in the Western Cornbelt live purchases traded at 119.00 and dressed purchases traded from 190.00-191.00.

  

Negotiated Sales:

Confirmed:             5,390

Week Ago:            22,156

Year Ago:               6,390

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   27,900

Weighted avg. weight:        864 lbs.

Weighted avg. net price:     195.01

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                     119,000

Week ago (est)                    118,000

Year ago (act)                        83,000

Week to Date                      477,000

Same Period Last Week    478,000

Same Period Last Year      310,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 293.76… 1.26

Select:  279.79… +0.79

Choice/Select Spread: 13.97

Total Load Count: 125

            

Cutter Cow Cutout:

197.30… +0.06

   

CME Feeder Cattle Index for April 27th:

135.07… -0.15

 

CME Lean Hog Index for April 27th: 

107.01… -0.38

            

Futures Settlements…

Live Cattle:

April: 119.47… +0.52

June: 116.05… +0.60

August: 117.40… +0.93

   

Feeder Cattle:

April: 134.47… +0.60

May: 135.85… +0.88

August: 149.87… +0.97

     

May Hogs: 108.72… -2.55

June Crude Oil: 65.01… +1.15

   

May Corn: 7.0200… +0.1575

May Wheat: 7.3750… +0.1225

   

Grain Cash Bids:

Kansas City Corn: 6.99… +0.16

Kansas City Wheat: 6.64… Unchanged

   

Financial Markets:

DJIA: 34,062.60… +239.26

S & P 500: 4,211.62… +28.17

NASDAQ: 14,082.20… +31.17

U.S. Dollar Index: 90.60… -0.01