May 27 2020

Texas Daily Ag Market News Summary Posted 4 years 185 days ago by Administrator Account

Daily Market Summary for May 27^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, in the Southern Plains negotiated cash trading has been limited on light demand. In Kansas a few live trades moved at 120.00. However, not enough for a full market trend. Last week in Kansas live trades moved from 115.00 to 120.00. For the prior week in the Texas Panhandle the bulk of live trades moved at 120.00. Thus far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading has been slow with moderate demand. In Nebraska dressed trades moved from 178.00 to 190.00, thus far for the week the bulk have moved from 180.00 to 190.00. Not enough live trades on Wednesday for a market trend. The last reported live trade market was on Tuesday with trades from 112.00 to 115.00. In the Western Cornbelt for Wednesday, when compared to the prior week, the bulk of live trades moved steady to 1.00 higher at 115.00 and dressed trades, when compared to last week, moved steady to 2.00 lower from 178.00 to 190.00.                             

   

Negotiated Sales:

Confirmed:            24,735

Week Ago:             24,452

Year Ago:                7,493

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  14,000

Weighted avg. weight:       892 lbs.

Weighted avg. net price:    190.04

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                110,000

Week ago (est)                   101,000

Year ago (act)                     122,000

Week to Date                    220,000

Same Period Last Week   294,000

Same Period Last year     248,000

Previous Day (est)

Steers & Heifers:  84,000

Cows & Bulls:        22,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 377.77… -7.72

Select:  350.20… -9.82

Choice/Select Spread: 25.57

Total Load Count: 175

        

Cutter Cow Cutout:

238.66… -2.17

   

CME Feeder Cattle Index for May 26^th:

126.44… -0.52

       

Futures…

Live Cattle:

June: 100.80… +1.40

August: 100.72… +1.47

October: 102.85… +1.23

   

Feeder Cattle:

August: 134.02… +0.72

September: 135.07… +0.65

October: 135.92… +0.60

     

July Hogs: 60.17… -0.33

July Crude Oil: 32.81… -1.54

   

July Corn: 3.2050… +0.0150

July Soybeans: 8.4850… +0.0150

July Wheat: 5.0450… -0.0225

    

Grain Cash Bids:

Kansas City Corn: 3.24… +0.02

Kansas City Soybeans: 8.38… Unchanged

Kansas City Wheat: 4.85… -0.02

   

Financial Markets:

DJIA: 25,548.27… +553.16

S & P 500: 3,036.13… +44.36

NASDAQ: 9,412.36… +72.14

U.S. Dollar Index: 99.00… +0.09