Apr 05 2021

Texas Daily Ag Market News Summary Posted 3 years 14 days ago by Administrator Account

Daily Market Summary for April 5^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all major feeding regions.  Last week in the Southern Plains live purchases traded at 117.00. In Nebraska last week live and dressed purchases traded at 118.00 and 190.00 respectfully. In Colorado two weeks ago, live purchases traded at 116.00. Last week in the Western Cornbelt live and dressed purchases traded from 118.00-120.00 and 188.00-190.00 respectfully.

 

Negotiated Sales:

Confirmed:       180

Week Ago:          39

Year Ago:        None

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   33,200

Weighted avg. weight:        856 lbs.

Weighted avg. net price:     186.05

       

        

Cattle Slaughter under Federal Inspection:

Monday (est)                       108,000

Week ago (est)                    119,000

Year ago (act)                      107,000

Previous Day (est)

Steers & Heifers:  81,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 258.67… +5.82

Select:  249.86… +2.89

Choice/Select Spread: 8.81

Total Load Count: 105

            

Cutter Cow Cutout:

189.77… +0.52

   

CME Feeder Cattle Index for March 31^st:

139.80… -0.55

            

Futures Settlements…

Live Cattle:

April: 121.37… +1.35

June: 124.42… +1.87

August: 123.30… +1.78

   

Feeder Cattle:

April: 146.45… +2.58

May: 151.77… +2.55

August: 160.15… +2.15

     

April Hogs: 102.40… +0.63

May Crude Oil: 58.65… -2.80

   

May Corn: 5.5325… -0.0650

May Wheat: 6.1800… +0.0700

   

Grain Cash Bids:

Kansas City Corn: 5.50… -0.07

Kansas City Wheat: 5.33… -0.02

   

Financial Markets:

DJIA: 33,527.19… +373.98

S & P 500: 4,077.90… +58.04

NASDAQ: 13,705.59… +225.48

U.S. Dollar Index: 92.60… -0.42