Apr 08 2021

Texas Daily Ag Market News Summary Posted 3 years 17 days ago by Administrator Account

Daily Market Summary for April 8^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in the Southern Plains, Nebraska, and the Western Cornbelt and at a standstill in Colorado. Not enough purchases in any region for a full market trend. On Wednesday in the Southern Plains live purchases traded at 120.00. In Nebraska on Wednesday, live and dressed purchases traded at 123.00 and 195.00 respectively. On Wednesday in Colorado live purchases traded from 120.00-123.00. In the Western Cornbelt on Wednesday live purchases traded from 121.00-125.00 and dressed purchases traded at 195.00.

 

Negotiated Sales:

Confirmed:       10,254

Week Ago:        15,270

Year Ago:            1,936

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   29,600

Weighted avg. weight:        859 lbs.

Weighted avg. net price:     188.25

       

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     119,000

Week ago (est)                    113,000

Year ago (act)                        98,000

Week to Date                      464,000

Same Period Last Week     471,000

Same Period Last Year       411,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 270.50… +4.19

Select:  263.83… +8.64

Choice/Select Spread: 6.67

Total Load Count: 110

            

Cutter Cow Cutout:

190.50… -1.05

   

CME Feeder Cattle Index for April 6^th:

139.98… +0.28

            

Futures Settlements…

Live Cattle:

April: 124.15… +1.00

June: 125.02… -0.25

August: 124.02… -0.10

   

Feeder Cattle:

April: 147.12… -0.50

May: 151.60… -1.07

August: 161.60… -0.27

     

April Hogs: 103.47… +0.60

May Crude Oil: 59.60… -0.17

   

May Corn: 5.7975… +0.1925

May Wheat: 6.2875… +0.1250

   

Grain Cash Bids:

Kansas City Corn: 5.77… +0.19

Kansas City Wheat: 5.47… +0.14

   

Financial Markets:

DJIA: 33,501.93… +55.67

S & P 500: 4,097.14… +17.29

NASDAQ: 13,829.31… +140.47

U.S. Dollar Index: 92.09… -0.37