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Apr
01
2020

Texas Daily Ag Market News Summary

Posted 3 years 362 days ago by Administrator Account

Daily Market Summary for April 1st  

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 Wednesday, negotiated cash trading has been inactive on light demand in the Texas Panhandle, Nebraska and Western Cornbelt. In Kansas negotiated cash trading has been limited on light demand. A few early live cash trades have moved from 112.00-113.00. However, not enough trades in any feeding region for a full market trend. The prior week was the last fully reported market. In the Texas Panhandle live cash trades moved from 118.00-1120.00. In Kansas and Nebraska live cash trades moved from 119.00-120.00 and dressed cash trades, in Nebraska, moved mostly at 190.00. In the Western Cornbelt live and dressed cash trades moved mostly at 120.00 and 190.00, respectively.

   

Negotiated Sales:

Confirmed:    5,770

Week Ago:   47,013

Year Ago:     13,451

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  19,300

Weighted avg. weight:       857 lbs.

Weighted avg. net price:   186.64

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)              116,000

Week ago (est)                  122,000

Year ago (act)                    122,000

Week to Date                    352,000

Same Period Last Week   361,000

Same Period Last year     362,000

Previous Day (est)

Steers & Heifers:  94,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Boxed beef cutout values sharply lower on light demand and moderate offerings. Select and Choice rib, chuck, and loin cuts weak to lower while round cuts higher.

Cutout Values:

Choice: 235.17… -7.98

Select:  225.13… -4.83

Choice/Select Spread: 10.04

Total Load Count: 135

        

Cutter Cow Cutout:

186.17… -1.01

   

CME Feeder Cattle Index for March 30th:

131.10

   

Futures…

Live Cattle:

April: 97.32… -4.50

June: 87.57… -4.50

August: 89.10… -4.50

   

Feeder Cattle:

April: 117.42… -4.50

May: 118.40… -4.50

August: 124.40… -4.50

     

May Hogs: 49.20… -3.77

May Crude Oil: 20.31… -0.17

   

May Corn: 3.3475… -0.0600

May Soybeans: 8.6275… -0.2325

May Wheat: 5.5025… -0.1850

   

Grain Cash Bids:

Kansas City Corn: 3.32… -0.09

Kansas City Soybeans: 8.50… -0.24

Kansas City Wheat: 5.40… -0.12

   

Financial Markets:

DJIA: 20,943.51… -973.65

S & P 500: 2,570.50… -114.09

NASDAQ: 7,360.58… -339.52

U.S. Dollar Index: 99.54… +0.49






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