Apr 18 2019

Texas Daily Ag Market News Summary Posted 5 years 3 days ago by Administrator Account

Daily Market Summary for April 18th  

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!

---

Slaughter Cattle:  

As of 3:00 PM Thursday, negotiated cash trade has been moderate on moderate demand in the Nebraska and Western Cornbelt. In Nebraska compared to last week live purchases traded 2.00 to 4.00 higher at 130.00. Dressed purchases traded 2.00 to 3.00 higher from 207.00-208.00. In the Western Cornbelt compared to last week, live purchases traded steady to 3.00 higher at 130.00 with dressed purchases trading 2.00 to 3.00 higher from 207.00 to 208.00. Trading in the Southern Plains has been limited on light demand. The last established market was Wednesday with live purchases at 126.00. The last established market in Colorado was last week with live trades from 127.00-127.50.

  

Negotiated Sales:

Confirmed: 53,033 --- Week Ago: 995 --- Year Ago: 28,525

 

Formula Net - Dressed Steers & Heifers

Head count priced today: 35,700

Weighted avg weight:            869

Weighted avg net price:    202.72

   

Alberta Beef Producers Daily Report:

Alberta direct cattle sales Wednesday saw no new trade to report. Dressed bids of 268.00 delivered have been reported. Bids are positioned at the bottom of last week's trading range. Buying interest on the cash market has been very light. If bids do not improve sale volumes will be very light.  

 

Livestock Slaughter under Federal Inspection:                                  

                                  Cattle       Calves     Hogs         Sheep

Thursday (est          122,000    3,000      477,000      8,000

Week ago (est)       111,000    3,000      429,000       8,000

Year ago (act)         115,000    2,000      461,000       8,000

Week to date (est)  485,000    9,000   1,858,000    35,000

Last Week (est)       471,000    9,000   1,855,000    35,000

Last Year (act)         471,000    8,000   1,845,000    31,000

Previous Day (Estimated)  Steers & Heifers     Cows & Bulls

                     Wednesday           94,000                    27,000

 

Boxed Beef: 

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

 

Cutout Values...                 Choice     Select

Current Cutout Values:     233.06    219.46

Change from prior day:       +0.30       -0.70

Choice/Select spread:         13.60

Total Load Count (Cuts, Trimmings, Grinds): 114

 

Cutter Cow Cutout: 170.00… +0.66

  

CME Feeder Cattle Index: 144.98… +1.40

 

Futures

Live Cattle:

April: 128.52… +1.60

June: 122.67… +0.30

August: 119.75… +0.20

Feeder Cattle:

April: 145.70… +0.38

May: 151.52… +0.92

August: 160.67… +0.22

---

May Hogs: 90.20… +1.28

April Crude Oil: 64.00… +0.24

---

May Corn: 3.5850… +0.0025

May Soybeans: 8.8050… +0.0150

May Wheat: 4.4425… -0.0275

---

Grain Cash Bids:

Kansas City Corn: 3.63… Unchanged

Kansas City Soybeans: 8.38… +0.01

Kansas City Wheat: 4.22… -0.03

---

Financial Markets:

Dow Jones Industrial Average: 26,559.54… +110.00

S & P 500: 2,905.03… +4.58

NASDAQ: 7,998.06… +1.98

U.S. Dollar Index: 97.45… +0.44

Cotton (www.ams.usda.gov): 

May Cotton Futures: 77.31 … -0.80

Milk (www.cmegroup.com): 

April Class III Milk Futures: 15.92… +/-0.00