Apr 10 2019

Texas Daily Ag Market News Summary Posted 5 years 9 days ago by Administrator Account

Daily Market Summary for April 10th  

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

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Slaughter Cattle:  

As of 3:00 PM Wednesday in the Southern Plains, trading and demand have been moderate. Compared to last week live cash trades moved steady at 124.00. So far for Wednesday in the Northern Plains and Western Cornbelt trading has been limited with light demand. Not enough trades in these feeding regions for a full market trend. For the prior week in Nebraska live trades were from 126.00-126.50 with the bulk at 126.00. Dressed purchases were from 204.00-206.00. In Colorado last week, live trades were at 126.00. For the previous week in the Western Cornbelt live and dressed trades were from 127.00-128.00 and 204.00-206.00, respectively.

  

Negotiated Sales:

Confirmed: 16,756 --- Week Ago: 13,451 --- Year Ago: 5,707

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 15,900

Weighted avg weight:             849

Weighted avg net price:    203.65

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Tuesday saw no new trade to report but there is a chance scattered trade could develop by this afternoon. Technical price levels are unchanged from the beginning of the week. There have been rumblings steady money is being bid. There were some fed calves that sold last week however most of the cattle on offer are still yearlings.

 

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs         Sheep

Wednesday (est      120,000    2,000      476,000      8,000

Week ago (est)       121,000    3,000       477,000     8,000

Year ago (act)         120,000    2,000       462,000      7,000

Week to date (est)  360,000    6,000    1,426,000    27,000

Last Week (est)       356,000    7,000   1,429,000    25,000

Last Year (act)         358,000    6,000   1,364,000    24,000

Previous Day (Estimated)  Steers & Heifers     Cows & Bulls

                            Tuesday          94,000                   26,000

 

Boxed Beef: 

Boxed beef cutout values firm to higher on moderate demand and offerings. Select and Choice chuck, round, and loin cuts steady while rib cuts firm to higher. Beef trimmings generally steady on light to moderate demand and offerings.

 

Cutout Values...                 Choice     Select

Current Cutout Values:     229.05    219.62

Change from prior day:       +0.73       +0.82

Choice/Select spread:            9.43

Total Load Count (Cuts, Trimmings, Grinds): 140

 

Cutter Cow Cutout: 169.27… +0.19

  

CME Feeder Cattle Index: 143.63… +0.13

 

Futures

Live Cattle:

April: 125.87… -0.03

June: 119.95… -0.40

August: 117.00… -0.65

Feeder Cattle:

April: 145.17… -0.98

May: 149.22… -0.95

August: 157.02… -0.58

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April Hogs: 78.90… +0.38

April Crude Oil: 64.61… +0.63

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May Corn: 3.6175… +0.0175

May Soybeans: 9.0200… +0.0325

May Wheat: 4.5800… -0.0150

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Grain Cash Bids:

Kansas City Corn: 3.63… +0.01

Kansas City Soybeans: 8.62… +0.03

Kansas City Wheat: 4.36… -0.01

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Financial Markets:

Dow Jones Industrial Average: 26,157.16… +6.58

S & P 500: 2,888.21… +10.01

NASDAQ: 7,964.24… +54.96

U.S. Dollar Index: 96.94… -0.08

Cotton (www.ams.usda.gov): 

May Cotton Futures: 77.62 … -0.47

Milk (www.cmegroup.com): 

April Class III Milk Futures: 15.97… +0.02