Apr 16 2019

Texas Daily Ag Market News Summary Posted 5 years 8 days ago by Administrator Account

Daily Market Summary for April 16th  

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 Tuesday, negotiated cash trade has been inactive on light demand in all major feeding regions. Not enough trade for an adequate market trend. Last week in the Southern Plains, live purchases traded at 124.00. In Nebraska last week, live purchases traded from 126.000-128.00, with dressed trades at 205.00. In Colorado last week, live purchases sold from 127.00-127.50. In the Western Cornbelt last week, live purchases traded from 127.00-130.00, with dressed trades from 204.00-206.

  

Negotiated Sales:

Confirmed: 512 --- Week Ago: 973 --- Year Ago: 172

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 20,600

Weighted avg weight:            836

Weighted avg net price:    199.65

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Monday saw no new trade to report. This week's showlist has been compiled with volumes steady with the previous week. Last week on a cash to cash basis Alberta fed prices traded at a 9.00 discount against the Nebraska market. Western Canadian cow slaughter volumes continue to be large. Over 15,000 head more cows have been slaughtered this year versus last year. 

 

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs         Sheep

Tuesday (est            121,000    2,000     474,000     9,000

Week ago (est)        120,000    2,000     475,000   10,000

Year ago (act)          121,000    2,000     463,000     9,000

Week to date (est)  242,000    4,000     904,000    19,000

Last Week (est)       240,000    4,000     950,000    19,000

Last Year (act)         236,000    4,000     924,000    16,000

Previous Day (Estimated)  Steers & Heifers     Cows & Bulls

                            Monday         97,000                   24,000

 

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     232.05    221.15

Change from prior day:       +1.07       -0.07

Choice/Select spread:            10.90

Total Load Count (Cuts, Trimmings, Grinds): 156

 

Cutter Cow Cutout: 169.33… +0.13

  

CME Feeder Cattle Index: 143.46… +0.47

 

Futures

Live Cattle:

April: 127.15… +0.85

June: 122.45… +0.98

August: 119.32… +1.00

Feeder Cattle:

April: 145.67… Unchanged

May: 151.20… +0.18

August: 160.20… +1.05

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May Hogs: 88.97… -1.10

April Crude Oil: 64.05… +0.65

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May Corn: 3.5900… +0.0375

May Soybeans: 8.8800… -0.1075

May Wheat: 4.4500... -0.1450

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Grain Cash Bids:

Kansas City Corn: 3.62… -0.04

Kansas City Soybeans: 8.46… -0.10

Kansas City Wheat: 4.23… -0.15

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Financial Markets:

Dow Jones Industrial Average: 26,452.66… +67.89

S & P 500: 2,907.06… +1.48

NASDAQ: 8,000.23… +24.22

U.S. Dollar Index: 97.08… +0.15

Cotton (www.ams.usda.gov): 

May Cotton Futures: 77.94 … +1.45

Milk (www.cmegroup.com): 

April Class III Milk Futures: 15.95… +0.06