May 05 2020

Texas Daily Ag Market News Summary Posted 4 years 207 days ago by Administrator Account

Daily Market Summary for May 5th

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

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was light on light to moderate demand in Nebraska and the Western Cornbelt. Trade was reported in both regions at 95.00 with dressed purchases ranging from 145.00-170.00, however not enough for an adequate market test. Trade was mostly inactive on light demand in the Southern Plains. Not enough purchases in any feeding region for a market trend. Last week in the Southern Plains live purchases traded from 95.00-105.00. For the prior week in Nebraska live and dressed purchases traded mostly at 95.00 and 150.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 93.00-100.00 and 150.00-160.00, respectively.

    

Negotiated Sales:

Confirmed:        5,965

Week Ago:         5,968

Year Ago:          18,600

       

Formula Net

Dressed Steers & Heifers:

Head count priced today: 10,500

Weighted avg. weight:       869 lbs.

Weighted avg. net price:   160.51

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                      80,000

Week ago (est)                   72,000

Year ago (act)                    122,000

Week to Date                    155,000

Same Period Last Week   149,000

Same Period Last year     240,000

Previous Day (est)

Steers & Heifers:  55,000

Cows & Bulls:        20,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 428.82… +18.77

Select:  410.54… +33.88

Choice/Select Spread: 18.28

Total Load Count: 126

         

Cutter Cow Cutout:

206.48… +3.63

    

CME Feeder Cattle Index for May 4th:

119.59… +0.68

        

Futures…

Live Cattle:

June: 86.47… -1.60

August: 92.45… -0.60

October: 96.52… -0.65

    

Feeder Cattle:

May: 119.60… +0.53

August: 128.25… -0.72

September: 129.45… -0.35

      

May Hogs: 66.15… -1.57

June Crude Oil: 24.56… +4.17

    

May Corn: 3.1300… +0.0225

May Soybeans: 8.3825… +0.0425

May Wheat: 5.2550… +0.0125

    

Grain Cash Bids:

Kansas City Corn: 3.15… +0.02

Kansas City Soybeans: 8.27… +0.03

Kansas City Wheat: 5.01… +0.01

    

Financial Markets:

DJIA: 23,883.09… +133.33

S & P 500: 2,868.44… +25.70

NASDAQ: 8,809.12… +98.40

U.S. Dollar Index: 99.76… +0.28