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May
21
2024

Texas Daily Ag Market News Summary

Posted 27 days ago by Administrator Account

Daily Market Summary for May 21st

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 Tuesday in the Southern Plains, negotiated cash has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 186.00. In Nebraska negotiated cash trade has been mostly inactive on light demand. Last week in Nebraska live FOB purchases at 190.00, dressed delivered purchases traded from 298.00-300.00. In the Western Cornbelt negotiated cash trading has been slow on light demand. There have been some early live FOB purchases at 192.00, however not enough purchases for a market trend. 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:       2,181

Week Ago:            74

Year Ago:              90

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,900

Weighted avg. weight:        889.00

Weighted avg. net price:     296.08

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Cattle Slaughter under Federal Inspection

Tuesday              122,000

Week Ago           123,000

Year Ago             128,083

Week to Date     242,000

Last Week          239,000

Last Year            253,357

Monday

Steers & Heifers:      99,000

Cows & Bulls:           21,000

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Boxed Beef:

Cutout Values:

Choice: 313.02… +0.32

Select:  300.87… +1.52

Choice/Select Spread: 12.15

Total Load Count: 100

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Cutter Cow Cutout:

273.95… +1.34

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CME Feeder Cattle Index for May 20th:

247.75… +0.88 / +0.36%

1 Year Change: +21.03%

52 Week Range: 206.76 to 254.09

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Futures Settlements:

Live Cattle:

June: 182.97… +1.50

August: 180.42… +1.87

Oct: 183.15… +1.33

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Feeder Cattle:

May: 248.95… +2.25

August: 259.82… +1.35

September: 261.12… +1.47

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June Lean Hogs: 96.40… -0.52

June Crude Oil: 79.05… -0.75

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July Corn: 4.5800… -0.0250

July Wheat: 6.9750… +0.0875

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Grain Cash Bids:

Omaha Corn: 4.65… -0.07

Kansas City Wheat: 6.47… -0.05

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Financial Markets:

DJIA: 39,873.58… +65.89

S & P 500: 5,321.49… +13.26

NASDAQ: 16,832.62… +37.75

U.S. Dollar Index: 104.63… +0.06






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