May 26 2020

Texas Daily Ag Market News Summary Posted 4 years 186 days ago by Administrator Account

Daily Market Summary for May 26th

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 Tuesday, negotiated cash trading has been limited with light demand in Kansas, Nebraska and Western Cornbelt. In Kansas a few live trades ranged from 110.00 to 120.00. In Nebraska a few live and dressed trades moved at 112.00 and 190.00, respectively. In the Western Cornbelt a few dressed trades ranged from 174.00 to 190.00. However, not enough trades in any of these regions for a full market trend. Last week in Kansas and Nebraska live trades moved from 115.00 to 120.00 and dressed trades, in Nebraska, ranged mostly from 180.00 to 190.00. For the prior week in the Western Cornbelt live trades moved from 114.00 to 115.00 and dressed trades ranged from 180.00 to 190.00. So far for Tuesday in the Texas Panhandle negotiated cash trading has been at a standstill. Last week live trades moved mostly at 120.00.                                   

    

Negotiated Sales:

Confirmed:            10,428

Week Ago:               5,361

Year Ago:                    201

       

Formula Net

Dressed Steers & Heifers:

Head count priced today:  23,500

Weighted avg. weight:       873 lbs.

Weighted avg. net price:    183.77

         

Cattle Slaughter under Federal Inspection:

Tuesday (est)                         4,000

Week ago (est)                    94,000

Year ago (act)                        4,000

Steers & Heifers:  80,000

Cows & Bulls:        22,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 385.49… -11.25

Select:  360.02… -14.16

Choice/Select Spread: 25.47

Total Load Count: 222

         

Cutter Cow Cutout:

240.83… -1.84

    

CME Feeder Cattle Index for May 22nd:

126.96… +0.72

        

Futures…

Live Cattle:

June: 99.40… +1.70

August: 99.25… +1.93

October: 101.62… +2.22

    

Feeder Cattle:

August: 133.30… +4.50

September: 134.42… +4.27

October: 135.32… +4.07

      

July Hogs: 60.50… +1.73

July Crude Oil: 34.35… +1.10

    

July Corn: 3.1900… +0.0100

July Soybeans: 8.4700… +0.1375

July Wheat: 5.0675… -0.0200

    

Grain Cash Bids:

Kansas City Corn: 3.22… +0.01

Kansas City Soybeans: 8.38… +0.12

Kansas City Wheat: 4.87… -0.02

    

Financial Markets:

DJIA: 24,995.11… +529.95

S & P 500: 2,991.77… +36.32

NASDAQ: 9,340.22… +15.63

U.S. Dollar Index: 99.01… -0.85