May 06 2020

Texas Daily Ag Market News Summary Posted 4 years 206 days ago by Administrator Account

Daily Market Summary for May 6^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

 

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Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated trade and demand was light to moderate in the Southern Plains. Compared to last week, early live purchases traded steady to 5.00 higher ranging from 95.00-110.00, bulk at 110.00. Trade was light on moderate demand in Nebraska and the Western Cornbelt. In Nebraska live purchases traded steady compared to Tuesday at 95.00. Dressed purchases mostly steady compare to Tuesday ranging from 145.00-180.00, bulk at 150.00. In the Western Cornbelt, compared to Tuesday, dressed purchases traded steady to 10.00 higher, ranging from 145.00-180.00, bulk at 180.00. Last week live purchases in the Western Cornbelt traded from 93.00-100.00. 

   

Negotiated Sales:

Confirmed:      15,398

Week Ago:         8,016

Year Ago:          32,023

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  7,900

Weighted avg. weight:       872 lbs.

Weighted avg. net price:   166.22

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                82,000

Week ago (est)                   72,000

Year ago (act)                    119,000

Week to Date                    237,000

Same Period Last Week   221,000

Same Period Last year     359,000

Previous Day (est)

Steers & Heifers:  58,000

Cows & Bulls:        22,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 449.18… +20.36

Select:  431.96… +21.42

Choice/Select Spread: 17.22

Total Load Count: 110

        

Cutter Cow Cutout:

211.60… +5.12

   

CME Feeder Cattle Index for May 5^th:

119.50… -0.09

       

Futures…

Live Cattle:

June: 89.47… +3.00

August: 95.45… +3.00

October: 99.52… +3.00

   

Feeder Cattle:

May: 124.10… +4.50

August: 132.75… +4.50

September: 133.95… +4.50

     

May Hogs: 68.10… +1.95

June Crude Oil: 23.99… +0.57

   

May Corn: 3.1175… -0.0125

May Soybeans: 8.3050… -0.0775

May Wheat: 5.2475… -0.0075

   

Grain Cash Bids:

Kansas City Corn: 3.15… Unchanged

Kansas City Soybeans: 8.23… -0.04

Kansas City Wheat: 4.98… -0.03

   

Financial Markets:

DJIA: 23,664.64… -218.45

S & P 500: 2,848.42… -20.02

NASDAQ: 8,854.39… +45.27

U.S. Dollar Index: 100.16… +0.45