May 19 2020

Texas Daily Ag Market News Summary Posted 4 years 193 days ago by Administrator Account

Daily Market Summary for May 19^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trade was light on moderate demand in Nebraska and the Western Cornbelt. In Nebraska a few early live purchases traded from 115.00-120.00 with a few dressed purchases from 180.00-190.00, however not enough for an adequate market test. In the Western Cornbelt a few early dressed purchases traded from 178.00-190.00, however not enough for an adequate market test. Trade was inactive on light demand in the Southern Plains. The latest established market in any feeding region was on Monday with dressed purchases in the Western Cornbelt from 180.00-190.00, bulk at 180.00. Last week live purchases traded from 105.00-115.00. The latest established market in the Southern Plains was last week with live purchases from 110.00-120.00. Last week in Nebraska the bulk of purchases traded mostly at 110.00 and 180.00.                           

   

Negotiated Sales:

Confirmed:            5,361

Week Ago:             5,261

Year Ago:                   681

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   16,100

Weighted avg. weight:       889 lbs.

Weighted avg. net price:    174.02

        

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       99,000

Week ago (est)                    89,000

Year ago (act)                    121,000

Week to Date                    193,000

Same Period Last Week   175,000

Same Period Last year     241,000

Previous Day (est)

Steers & Heifers:  73,000

Cows & Bulls:        21,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 409.52… -5.43

Select:  389.63… -5.24

Choice/Select Spread: 19.89

Total Load Count: 161

        

Cutter Cow Cutout:

237.95… +0.29

   

CME Feeder Cattle Index for May 18^th:

126.84… +1.11

       

Futures…

Live Cattle:

June: 98.77… +0.05

August: 99.07… +0.22

October: 101.12… +0.07

   

Feeder Cattle:

May: 127.42… +0.82

August: 131.92… -0.63

September: 133.32… -0.43

     

July Hogs: 56.65… -1.00

June Crude Oil: 32.50… +0.68

   

July Corn: 3.2125… +0.0050

July Soybeans: 8.4250… -0.0250

July Wheat: 4.9875… +0.0175

   

Grain Cash Bids:

Kansas City Corn: 3.28… +0.01

Kansas City Soybeans: 8.31… -0.03

Kansas City Wheat: 4.79… +0.02

   

Financial Markets:

DJIA: 24,206.86… -390.51

S & P 500: 2,922.94… -30.97

NASDAQ: 9,185.10… -49.73

U.S. Dollar Index: 99.50… -0.17