May 22 2020

Texas Daily Ag Market News Summary Posted 4 years 190 days ago by Administrator Account

Daily Market Summary for May 22^nd

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Slaughter Cattle:

As of 3:00 PM Friday, trade was limited on light to moderate demand in the Texas Panhandle, Nebraska and the Western Cornbelt. Trade was inactive on light demand in Kansas. Not enough purchases in any regions for an adequate market test. The latest established market in the Texas Panhandle was on Wednesday with live purchases mostly at 120.00. In Kansas on Thursday live purchases traded from 115.00-120.00, with the bulk at 120.00. In Nebraska on Wednesday live purchases traded from 119.00-120.00. Dressed purchases on Thursday traded, from 175.00-190.00, bulk from 180.00-190.00. In the Western Cornbelt on Thursday, live purchases traded from 114.00-115.00 with dressed purchases from 175.00-190.00, bulk at 190.00.                          

   

Negotiated Sales:

Confirmed:              3,908

Week Ago:             15,522

Year Ago:                 2,244

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  17,600

Weighted avg. weight:       856 lbs.

Weighted avg. net price:    185.15

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         102,000

Week ago (est)                    91,000

Year ago (act)                    120,000

Week to Date                    499,000

Same Period Last Week   449,000

Same Period Last year     601,000

Previous Day (est)

Steers & Heifers:  80,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 396.74… -5.07

Select:  374.18… -8.35

Choice/Select Spread: 22.56

Total Load Count: 101

        

Cutter Cow Cutout:

242.66… +1.66

   

CME Feeder Cattle Index for May 21^st:

126.24… -0.36

       

Futures…

Live Cattle:

June: 97.70… -1.10

August: 97.32… -0.90

October: 99.40… -0.50

   

Feeder Cattle:

August: 128.80… -0.07

September: 130.15… +0.03

October: 131.25… +0.08

     

July Hogs: 58.77… -0.58

July Crude Oil: 33.25… -0.67

   

July Corn: 3.1800… +0.0025

July Soybeans: 8.3325… -0.0175

July Wheat: 5.0875… -0.0725

   

Grain Cash Bids:

Kansas City Corn: 3.21… -0.02

Kansas City Soybeans: 8.26… +0.01

Kansas City Wheat: 4.89… -0.07

   

Financial Markets:

DJIA: 24,465.16… -8.96

S & P 500: 2,955.45… +6.94

NASDAQ: 9,324.59… +39.71

U.S. Dollar Index: 99.77… +0.40