May 21 2020

Texas Daily Ag Market News Summary Posted 4 years 191 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 their website for more information!

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Slaughter Cattle:

As of 3:00 PM Thursday, trade was light on moderate demand in all feeding regions. Compared to Wednesday in the Southern Plains, a few live purchases traded steady at 120.00 in the Texas Panhandle and from 115.00-120.00 in Kansas. In Nebraska a few dressed purchases traded steady compared to Wednesday with purchases from 175.00-190.00, bulk from 180.00-190.00. Live purchases in Nebraska on Wednesday traded from 119.00-120.00. In the Western Cornbelt a few dressed purchases traded unevenly steady compared to Wednesday with purchases from 175.00-190.00, bulk at 190.00. Live purchases in the Western Cornbelt on Wednesday traded from 114.00-115.00.                                

    

Negotiated Sales:

Confirmed:              8,859

Week Ago:                  259

Year Ago:               27,904

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,500

Weighted avg. weight:       892 lbs.

Weighted avg. net price:    181.26

         

Cattle Slaughter under Federal Inspection:

Thursday (est)                   103,000

Week ago (est)                    92,000

Year ago (act)                    119,000

Week to Date                    397,000

Same Period Last Week   358,000

Same Period Last year     481,000

Previous Day (est)

Steers & Heifers:  78,000

Cows & Bulls:        23,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 401.81… -2.23

Select:  382.53… -8.65

Choice/Select Spread: 19.28

Total Load Count: 136

         

Cutter Cow Cutout:

241.00… -1.07

    

CME Feeder Cattle Index for May 20th:

126.60… -0.29

        

Futures…

Live Cattle:

June: 98.80… +0.40

August: 98.22… +0.60

October: 99.90… +0.28

    

Feeder Cattle:

May: 126.02… +0.02

August: 128.87… -0.13

September: 130.12… -0.38

      

July Hogs: 59.35… +2.48

July Crude Oil: 33.92… +0.43

    

July Corn: 3.1775… -0.0175

July Soybeans: 8.3500… -0.1175

July Wheat: 5.1600… +0.0225

    

Grain Cash Bids:

Kansas City Corn: 3.23… -0.02

Kansas City Soybeans: 8.25… -0.12

Kansas City Wheat: 4.96… +0.02

    

Financial Markets:

DJIA: 24,474.12… -101.78

S & P 500: 2,948.51… -23.10

NASDAQ: 9,284.88… -90.90

U.S. Dollar Index: 99.41… +0.29