May 05 2021

Texas Daily Ag Market News Summary Posted 3 years 208 days ago by Administrator Account

Daily Market Summary for May 5^th

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 Wednesday, negotiated cash trading has been limited on light demand in the Southern Plains, Nebraska, and the Western Cornbelt. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in Colorado. Last week in the Southern Plains live purchases traded from 118.00-119.00. On Tuesday in Nebraska live purchases traded at 118.00 and dressed purchases traded from 188.00-190.00. In Colorado last week, live purchases traded from 119.00-120.00. In the Western Cornbelt on Tuesday live purchases traded from 118.00-119.00 and dressed purchases traded from 187.00-190.00.

  

Negotiated Sales:

Confirmed:             4,946

Week Ago:            38,755

Year Ago:              15,380

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   20,000

Weighted avg. weight:        850 lbs.

Weighted avg. net price:     193.30

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 120,000

Week ago (est)                    120,000

Year ago (act)                        87,000

Week to Date                      355,000

Same Period Last Week    358,000

Same Period Last Year      250,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 304.78… +3.56

Select:  286.18… +2.27

Choice/Select Spread: 18.60

Total Load Count: 121

            

Cutter Cow Cutout:

200.03… +0.70

   

CME Feeder Cattle Index for May 4^th:

132.55… -0.21

              

Futures Settlements…

Live Cattle:

June: 114.42… +1.40

August: 117.72… +1.10

October: 123.10… +1.35

   

Feeder Cattle:

May: 131.47… +1.72

August: 145.22… +2.05

September: 147.47… +1.87

     

June Hogs: 114.42… +0.87

June Crude Oil: 65.63… -0.06

   

May Corn: 7.5325… +0.0850

May Wheat: 7.5575… +0.1875

   

Grain Cash Bids:

Kansas City Corn: 7.30… +0.11

Kansas City Wheat: 6.91… +0.17

   

Financial Markets:

DJIA: 34,230.02… +94.68

S & P 500: 4,167.87… +2.82

NASDAQ: 13,582.46… -51.04

U.S. Dollar Index: 91.28… -0.01