May 29 2020

Texas Daily Ag Market News Summary Posted 4 years 183 days ago by Administrator Account

Daily Market Summary for May 29^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been limited on light demand in the Southern Plains and Western Cornbelt. In Nebraska negotiated cash trading has been slow with light to moderate demand. In Nebraska a few live and dressed trades moved at 120.00 and from 180.00 to 190.00, respectively. However, not enough trades for a full market trend in any feeding region. In the Southern Plains the last reported market was on Thursday. In the Texas Panhandle live trades moved from 115.00 to 120.00. In Kansas the bulk of live trades moved at 115.00. In Nebraska the last reported live trade market was on Thursday with trades from 112.00 to 120.00 and the last dressed trade market was on Wednesday with trades ranging from 178.00 to 190.00. In the Western Cornbelt the last reported live and dressed trade market was on Wednesday with live trades mostly at 115.00 and dressed trades ranging from 175.00 to 185.00, respectively.                                 

   

Negotiated Sales:

Confirmed:            13,153

Week Ago:               3,908

Year Ago:               12,437

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  21,500

Weighted avg. weight:       860 lbs.

Weighted avg. net price:    191.35

        

Cattle Slaughter under Federal Inspection:

Friday (est)                         111,000

Week ago (est)                   102,000

Year ago (act)                     124,000

Week to Date                    441,000

Same Period Last Week   499,000

Same Period Last year     493,000

Previous Day (est)

Steers & Heifers:  85,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 363.34… -6.22

Select:  340.07… -4.02

Choice/Select Spread: 23.27

Total Load Count: 115

        

Cutter Cow Cutout:

238.26… +0.46

   

CME Feeder Cattle Index for May 27^th:

127.02… +0.91

       

Futures…

Live Cattle:

June: 99.72… -1.75

August: 99.60… -1.57

October: 101.42… -1.38

   

Feeder Cattle:

August: 135.35… -0.15

September: 135.75… -0.50

October: 136.02… -0.75

     

July Hogs: 56.85… -0.07

July Crude Oil: 35.49… +1.78

   

July Corn: 3.2575… -0.0175

July Soybeans: 8.4075… -0.0625

July Wheat: 5.2075… +0.0625

   

Grain Cash Bids:

Kansas City Corn: 3.29… -0.02

Kansas City Soybeans: 8.30… -0.06

Kansas City Wheat: 5.00… +0.05

   

Financial Markets:

DJIA: 25,383.11… -17.53

S & P 500: 3,044.31… +14.58

NASDAQ: 9,489.87… +120.88

U.S. Dollar Index: 98.31… -0.07