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Texas Daily Ag Market News Summary

Posted 170 days ago ago by Administrator Account

Daily Market Summary for April 30th

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 Friday, negotiated cash trading has been mostly inactive on light demand in 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, Kansas and Colorado. 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:             2,600

Week Ago:              1,402

Year Ago:                7,881

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   30,500

Weighted avg. weight:        855 lbs.

Weighted avg. net price:     193.07

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           115,000

Week ago (est)                    113,000

Year ago (act)                        81,000

Week to Date                      592,000

Same Period Last Week    591,000

Same Period Last Year      391,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 296.50… +2.74

Select:  283.05… +3.26

Choice/Select Spread: 13.45

Total Load Count: 78

            

Cutter Cow Cutout:

197.89… +0.59

   

CME Feeder Cattle Index for April 29th:

134.13… -0.94

              

Futures Settlements…

Live Cattle:

April: 116.00… -3.47

June: 116.57… +0.52

August: 118.62… +1.22

   

Feeder Cattle:

May: 133.60… -2.25

August: 146.75… -3.12

September: 149.27… -2.35

     

May Hogs: 110.12… +1.40

June Crude Oil: 63.58… -1.43

   

May Corn: 7.4000… +0.38

May Wheat: 7.4250… +0.0500

   

Grain Cash Bids:

Kansas City Corn: 6.95… +0.25

Kansas City Wheat: 6.79… +0.15

   

Financial Markets:

DJIA: 33,879.00… -186.60

S & P 500: 4,181.21… 30.41

NASDAQ: 13,962.68… -119.52

U.S. Dollar Index: 91.30… +0.70