May 15 2024

Texas Daily Ag Market News Summary Posted 45 days ago by Administrator Account

As of 3:00 PM Wednesday the Texas Panhandle and the Western Cornbelt, negotiated cash trade has been at a standstill. In Kansas and Nebraska negotiated cash trade has been mostly inactive on light demand. Last week in the Texas Panhandle live FOB purchases traded at 184.00. Last week in Kansas live FOB purchases traded from 183.00-185.00, with a few up to 187.00. Last week in Nebraska live FOB purchases traded from 186.00-187.00 and dressed delivered purchases from 295.00-296.00 Last week in the Western Cornbelt, live FOB purchases traded from 185.00-187.00, mostly at 187.00, with a few up to 188.00, and dressed delivered purchases at 295.00, with a few up to 296.00.

Negotiated Sales:

Confirmed:            815

Week Ago:             116

Year Ago:          35,067

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,500

Weighted avg. weight:        868.00

Weighted avg. net price:     296.89

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Cattle Slaughter under Federal Inspection

Wednesday       124,000

Week Ago           123,000

Year Ago             126,208

Week to Date     363,000

Last Week           367,000

Last Year             378,165

Tuesday

Steers & Heifers:      98,000

Cows & Bulls:            25,000

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Boxed Beef:

Cutout Values:

Choice: 306.77… +2.38

Select:  294.31… +0.49

Choice/Select Spread: 12.46

Total Load Count: 109

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Cutter Cow Cutout:

271.80… +0.11

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CME Feeder Cattle Index for May 14th:

241.79… +0.04 / +0.02%

1 Year Change: +19.63%

52 Week Range: 202.07 to 254.09

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Futures Settlements:

Live Cattle:

June: 178.25… +0.08

August: 176.52… +0.40

Oct: 179.70… +0.35

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Feeder Cattle:

May: 243.15… -0.12

August: 255.87… +0.20

September: 256.95… +0.33

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June Lean Hogs: 97.50… -0.82

June Crude Oil: 78.77… +0.75

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July Corn: 4.6250… -0.0500

July Wheat: 6.6575… -0.0675

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Grain Cash Bids:

Omaha Corn: 4.53… -0.05

Kansas City Wheat: 6.20… -0.08

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Financial Markets:

DJIA: 39,908.79… +351.34

S & P 500: 5,308.21… +61.65

NASDAQ: 16,742.39… +231.21

U.S. Dollar Index: 104.35… -0.66