(800)-Tell-TDA
835-5832

News & Events > Agriculture Market Summary

weekly-market-recap2

May
21
2018

Texas Daily Ag Market News Summary

Posted 6 years 190 days ago by Administrator Account

Daily Market Summary for May 21st

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

Slaughter Cattle:

So far for Monday trading has been at a standstill. Last week in the Texas Panhandle live trades were from 115.00-116.00. In Kansas live trades moved from 114.00-117.00. For the prior week in Nebraska live trades were from 112.00-115.00 and dressed trades moved from 180.00-185.00. In Colorado live trades were from 112.00-113.00. For the previous week in the Western Cornbelt live trades ranged from 112.00-122.00 and dressed trades, on a light test, were mostly at 184.00.

Negotiated Sales:

Confirmed: none Week Ago: 2,993 Year Ago: 214

Formula Net - Dressed Steers & Heifers

Head count priced today: 45,400

Weighted avg weight: 822.00

Weighted avg net price: 196.64

Alberta Beef Producers Daily Report:

N/A – Victoria’s Day Holiday

Livestock Slaughter under Federal Inspection:

CATTLE CALVES HOGS SHEEP

Monday (est 120,000 2,000 457,000 8,000

Week ago (est) 117,000 2,000 459,000 7,000

Year ago (act) 116,000 2,000 440,000 8,000

Boxed Beef:

Boxed beef cutout values lower on light to moderate demand and moderate offerings. Select and Choice chuck, round, and loin cuts steady to weak. Choice rib cuts lower while Select steady. Beef trimmings sharply lower on light demand and moderate offerings.

Cutout Values... Choice Select

Current Cutout Values: 230.82 207.52

Change from prior day: (1.39) (0.94)

Choice/Select spread: 23.30

Futures Summary:

CME Feeder Cattle Index: 133.63… +0.05

June Live Cattle Futures: 104.92… +2.52

August Live Cattle Futures: 100.62… +2.40

October Live Cattle Futures: 103.72… +2.02

May Feeder Cattle Futures: 133.92… +1.70

August Feeder Cattle Futures: 140.50… +2.88

September Feeder Cattle Futures: 140.68… +2.88

June Hog Futures: 74.00… (0.70)

National Grain Market Summary:

Compared to Friday, cash bids for corn and wheat were mixed, soybeans were higher, while sorghum was not quoted today. U.S. Treasury Secretary Mnuchin told CNBC that both China and the U.S. have agreed to suspend tariffs while progress is being made on trade disputes -- bullish news for soybean traders' ears. In corn, with fundamental support from crop concerns in Brazil, the trends remain up in both July corn and new-crop corn. In wheat, it remains difficult for the U.S. to compete with plentiful supplies of global wheat, but the trends remain higher for the July contracts.