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May
20
2024

Texas Daily Ag Market News Summary

Posted 28 days ago by Administrator Account

Daily Market Summary for May 20th

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 Monday in all trading regions, negotiated cash has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 186.00. Last week in Nebraska live FOB purchases at 190.00, dressed delivered purchases traded from 298.00-300.00. Last week in in the Western Cornbelt, live FOB purchases at 190.00, with a few up to 191.00, dressed delivered purchases traded at 300.00, with a few up to 306.00.

Negotiated Sales:

Confirmed:        260

Week Ago:         162

Year Ago:         None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,100

Weighted avg. weight:        887.00

Weighted avg. net price:     293.72

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Cattle Slaughter under Federal Inspection

Monday              120,000

Week Ago           116,000

Year Ago             125,274

Week to Date     120,000

Last Week           116,000

Last Year             125,274

Friday

Steers & Heifers:      79,000

Cows & Bulls:            23,000

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Boxed Beef:

Cutout Values:

Choice: 312.70… -0.75

Select:  299.35… +1.95

Choice/Select Spread: 13.35

Total Load Count: 117

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Cutter Cow Cutout:

272.61… +0.86

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CME Feeder Cattle Index for May 17th:

246.87… +3.83 / +1.58%

1 Year Change: +20.60%

52 Week Range: 204.70 to 254.09

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Futures Settlements:

Live Cattle:

June: 181.47… +0.42

August: 178.55… -0.50

Oct: 181.82… -0.13

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Feeder Cattle:

May: 246.70… -0.02

August: 258.47… -1.38

September: 259.65… -1.20

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June Lean Hogs: 96.92… +0.42

June Crude Oil: 79.63... -0.43

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July Corn: 4.6050… +0.0800

July Wheat: 6.8875… +0.3750

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Grain Cash Bids:

Omaha Corn: 4.72… +0.09

Kansas City Wheat: 6.42… +0.35

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Financial Markets:

DJIA: 39,807.69… -201.88

S & P 500: 5,308.23… +4.35

NASDAQ: 16,794.87… +108.9

U.S. Dollar Index: 104.60… +0.15






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