Agriculture Market Summary
Skip to content
Search
(800)-Tell-TDA
835-5832

weekly-market-recap2

May
16
2024

Texas Daily Ag Market News Summary

Posted 38 days ago by Administrator Account

Daily Market Summary for May 16th

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


Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. 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. In the Western Cornbelt negotiated cash trading has been limited on light demand. A very few live FOB purchases traded from 186.00-190.00 and a very few dressed delivered purchases traded from 298.00-300.00. However, not enough purchases for a full market trend. 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:         1,591

Week Ago:             846

Year Ago:            4,864

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,800

Weighted avg. weight:        900.00

Weighted avg. net price:    296.87

-

Cattle Slaughter under Federal Inspection

Thursday            124,000

Week Ago           122,000

Year Ago             123,504

Week to Date     487,000

Last Week           489,000

Last Year             501,669

Wednesday

Steers & Heifers:    101,000

Cows & Bulls:            23,000

-

Boxed Beef:

Cutout Values:

Choice: 310.15… +3.38

Select:  296.51… +2.20

Choice/Select Spread: 13.64

Total Load Count: 115

-

Cutter Cow Cutout:

273.95… +2.15

-

CME Feeder Cattle Index for May 15th:

242.33… +0.54 / +0.22%

1 Year Change: +19.92%

52 Week Range: 202.07 to 254.09

-

Futures Settlements:

Live Cattle:

June: 179.02… +0.77

August: 177.37… +0.85

Oct: 180.62… +0.92

-

Feeder Cattle:

May: 244.85… +1.70

August: 257.35… +1.48

September: 258.40… +1.45

-

June Lean Hogs: 98.37… +0.87

June Crude Oil: 79.34… +0.71

-

July Corn: 4.5700… -0.0550

July Wheat: 6.6325… -0.0250

-

Grain Cash Bids:

Omaha Corn: 4.47… -0.06

Kansas City Wheat: 6.18… -0.02

-

Financial Markets:

DJIA: 39,870.10… -38.69

S & P 500: 5,297.15… -11.06

NASDAQ: 16,698.32… -44.07

U.S. Dollar Index: 104.50… +0.15






Text/HTML