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May
23
2024

Texas Daily Ag Market News Summary

Posted 25 days ago by Administrator Account

Daily Market Summary for May 23rd

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 Texas Panhandle, Nebraska and the Western Cornbelt, negotiated cash trade has been slow on light to moderate demand, however not enough trade for a market test. In Kansas negotiated cash trade has been active on good demand. Compared to last week in Kansas live FOB purchases traded 1.00 higher at 187.00, with a few purchases that traded up to 182.00. Last week in the Texas Panhandle live FOB purchases traded at 186.00. There have been a few early live FOB purchases at 192.00, in Nebraska and the Western Cornbelt, however not enough purchases for a market test. 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:     10,519

Week Ago:        1,591

Year Ago:        39,439

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,100

Weighted avg. weight:         883.00

Weighted avg. net price:     298.89

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Cattle Slaughter under Federal Inspection

Thursday            122,000

Week Ago           124,000

Year Ago             124,230

Week to Date     486,000

Last Week           487,000

Last Year             499,531

Wednesday

Steers & Heifers:   98,000

Cows & Bulls:         24,000

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Boxed Beef:

Cutout Values:

Choice: 309.84… -2.33

Select:  300.08… +0.47

Choice/Select Spread: 9.75

Total Load Count: 114

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Cutter Cow Cutout:

275.44… +1.62

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CME Feeder Cattle Index for May 22nd:

248.81… +0.37 / +0.15%

1 Year Change: +20.34%

52 Week Range: 206.76 to 254.09

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Futures Settlements:

Live Cattle:

June: 183.52… -0.65

August: 181.07… -0.60

Oct: 184.07… -0.58

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Feeder Cattle:

May: 250.32… -0.05

August: 261.45… -1.45

September: 262.72… -1.03

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June Lean Hogs: 94.52… -0.88

June Crude Oil: 76.82… -0.75

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July Corn: 4.6400… +0.0275

July Wheat: 6.9800… +0.0500

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Grain Cash Bids:

Omaha Corn: 4.69… +0.03

Kansas City Wheat: 6.56… +0.11

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Financial Markets:

DJIA: 39,065.39… -606.11

S & P 500: 5,267.90… -39.09

NASDAQ: 16,736.03… -65.51

U.S. Dollar Index: 105.07… -0.14






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