May 10 2021

Texas Daily Ag Market News Summary Posted 3 years 203 days ago by Administrator Account

Daily Market Summary for May 10^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded from 117.50-119.00. In Kansas live purchases traded at 119.00. For the prior week in Nebraska live and dressed purchases traded at 118.00 and from 188.00-190.00, respectively. In Colorado for two weeks ago live purchases traded from 119.00-120.00. Last week in the Western Cornbelt live and dressed purchases traded from 117.00-119.00 and from 187.00-190.00, respectively.

  

Negotiated Sales:

Confirmed:                806

Week Ago:              4,854

Year Ago:                1,074

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   40,300

Weighted avg. weight:        855 lbs.

Weighted avg. net price:     190.05

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                    114,000

Year ago (act)                        89,000

Previous Day (est)

Steers & Heifers:  86,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 309.11… +3.23

Select:  293.76… +3.49

Choice/Select Spread: 15.35

Total Load Count: 71

            

Cutter Cow Cutout:

202.94… -0.29

   

CME Feeder Cattle Index for May 7^th:

130.15… -0.68

              

Futures Settlements…

Live Cattle:

June: 118.22… +2.20

August: 120.35… +1.50

October: 124.55… +1.10

   

Feeder Cattle:

May: 135.45… +3.73

August: 148.70… +4.43

September: 150.07… +4.02

      

June Hogs: 112.10… -0.75

June Crude Oil: 64.90

   

July Corn: 7.1175… -0.2050

July Wheat: 7.3050… -0.3125

   

Grain Cash Bids:

Kansas City Corn: 7.34… -0.20

Kansas City Wheat: 6.79… -0.33

   

Financial Markets:

DJIA: 34,745.16… -31.28

S & P 500: 4,188.60… -43.83

NASDAQ: 13,401.86… -350.38

U.S. Dollar Index: 90.21… -0.02