Apr 09 2021

Texas Daily Ag Market News Summary Posted 3 years 9 days ago by Administrator Account

Daily Market Summary for April 9^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, and the Western Cornbelt with a few live and dressed purchases in the Western Cornbelt at 125.00 and 196.00 respectively, however not enough purchases in any region for a full market trend. Negotiated cash trading in the Texas Panhandle and Colorado has been at a standstill. The last reported market in the Southern Plains was on Wednesday with live purchases at 120.00. In Nebraska on Wednesday live and dressed purchases traded at 125.00 and 195.00 respectively. On Wednesday in Colorado live purchases traded from 120.00-123.00. In the Western Cornbelt on Thursday live purchases traded from 123.00-125.00 and on Wednesday dressed purchases traded at 195.00.

 

Negotiated Sales:

Confirmed:          6,356

Week Ago:         25,294

Year Ago:            1,937

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   30,500

Weighted avg. weight:        844 lbs.

Weighted avg. net price:     189.40

       

         

Cattle Slaughter under Federal Inspection:

Friday (est)                           111,000

Week ago (est)                    105,000

Year ago (act)                         87,000

Week to Date                      575,000

Same Period Last Week      576,000

Same Period Last Year        498,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 272.17… +1.67

Select:  264.07… +0.24

Choice/Select Spread: 8.10

Total Load Count: 87

            

Cutter Cow Cutout:

190.71… +0.21

   

CME Feeder Cattle Index for April 8^th:

141.79… +0.53

            

Futures Settlements…

Live Cattle:

April: 123.42… -0.73

June: 122.57… -2.45

August: 122.40… -1.62

   

Feeder Cattle:

April: 144.75… -2.37

May: 149.62… -1.98

August: 159.95… -1.65

     

April Hogs: 103.47… Unchanged

May Crude Oil: 59.32… -0.28

   

May Corn: 5.7725… -0.0250

May Wheat: 6.3875… +0.1000

   

Grain Cash Bids:

Kansas City Corn: 5.74… -0.03

Kansas City Wheat: 5.57… +0.10

   

Financial Markets:

DJIA: 33,800.60… +298.67

S & P 500: 4,128.77… +31.63

NASDAQ: 13,900.19… +70.88

U.S. Dollar Index: 92.15… +0.09