May 07 2021

Texas Daily Ag Market News Summary Posted 3 years 206 days ago by Administrator Account

Daily Market Summary for May 7^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been mostly inactive on very light demand in Kansas, not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. On Wednesday in the Southern Plains live purchases traded from 117.50-119.00 in the Texas Panhandle and at 119.00 in Kansas. On Tuesday in Nebraska live purchases traded at 118.00 and dressed purchases traded from 188.00-190.00. The last reported market In Colorado was last week with live purchases 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:             1,229

Week Ago:              2,600

Year Ago:              11,392

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   26,700

Weighted avg. weight:        842 lbs.

Weighted avg. net price:     190.94

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           111,000

Week ago (est)                    115,000

Year ago (act)                        89,000

Week to Date                      581,000

Same Period Last Week    592,000

Same Period Last Year      429,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 305.88… -0.49

Select:  290.27… +0.91

Choice/Select Spread: 15.61

Total Load Count: 64

            

Cutter Cow Cutout:

203.23… +1.68

   

CME Feeder Cattle Index for May 6^th:

130.83… -0.73

              

Futures Settlements…

Live Cattle:

June: 116.02… +0.55

August: 118.85… +0.38

October: 123.45… -0.02

   

Feeder Cattle:

May: 131.72… +1.25

August: 144.27… +0.87

September: 146.05… +0.50

     

June Hogs: 112.85… -1.62

June Crude Oil: 64.90… +0.19

   

May Corn: 7.7275… +0.1325

May Wheat: 7.7350… +0.0925

   

Grain Cash Bids:

Kansas City Corn: 7.54… +0.12

Kansas City Wheat: 7.12… +0.09

   

Financial Markets:

DJIA: 34,776.44… +238.37

S & P 500: 4,232.43… +30.80

NASDAQ: 13,752.24… +119.60

U.S. Dollar Index: 90.20… -0.75