Apr 03 2020

Texas Daily Ag Market News Summary Posted 4 years 22 days ago by Administrator Account

Daily Market Summary for April 3rd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading in the Southern Plains and Western Cornbelt has been at a standstill. In Nebraska negotiated cash trading has been inactive with very light demand. Not enough trades for a market trend. Wednesday was the last reported market in any feeding region, with a light test noted. In the Southern Plains live cash trades moved mostly at 112.00. In Nebraska and Western Cornbelt live cash trades moved mostly at 112.00 and dressed cash dressed moved from 175.00-180.00.

   

Negotiated Sales:

Confirmed:       694

Week Ago:     3,892

Year Ago:     18,755

    

Formula Net

Dressed Steers & Heifers:

Head count priced today:  24,100

Weighted avg. weight:       842 lbs.

Weighted avg. net price:   190.93

        

Cattle Slaughter under Federal Inspection:

Friday (est)                        107,000

Week ago (est)                  117,000

Year ago (act)                    107,000

Week to Date                    574,000

Same Period Last Week   601,000

Same Period Last year     589,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

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

Cutout Values:

Choice: 230.44… -2.20

Select:  215.84… -6.28

Choice/Select Spread: 14.60

Total Load Count: 110

        

Cutter Cow Cutout:

185.39… +0.46

   

CME Feeder Cattle Index for April 1st:

126.09

   

Futures…

Live Cattle:

April: 88.32… -4.50

June: 80.85… -2.22

August: 84.30… -0.30

   

Feeder Cattle:

April: 108.25… -2.42

May: 108.10… -3.55

August: 114.42… -3.23

     

May Hogs: 40.22… -4.48

May Crude Oil: 28.34… +3.02

   

May Corn: 3.3075… -0.0275

May Soybeans: 8.5425… -0.0450

May Wheat: 5.4925… +0.0750

   

Grain Cash Bids:

Kansas City Corn: 3.28… -0.03

Kansas City Soybeans: 8.42… -0.04

Kansas City Wheat: 5.30… -0.02

   

Financial Markets:

DJIA: 21,052.53… -360.91

S & P 500: 2,488.65… -38.25

NASDAQ: 7,373.08… -114.23

U.S. Dollar Index: 100.57… +0.39