May 13 2021

Texas Daily Ag Market News Summary Posted 3 years 200 days ago by Administrator Account

Daily Market Summary for May 13^th

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Slaughter Cattle:

As of 3:00 PM Thursday in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been limited with light demand. In Kansas a few live purchases traded at 119.00, not enough for a full market trend. The last reported market was on Wednesday with live from 119.00-120.00. In Nebraska live purchases traded steady at 120.00, compared to the last market on Wednesday. Not enough dressed purchases for a market trend, the last reported dressed market was on Wednesday at 191.00. In the Western Cornbelt not enough purchases in any price range for a market trend. The last reported live purchase market was on Tuesday from 118.00-120.00 and dressed purchases, last week, traded from 187.00-190.00. Thus far for Thursday in the Texas Panhandle and Colorado negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. In the Texas Panhandle on Wednesday live purchases traded from 119.00-119.50. In Colorado for two weeks ago live purchases traded from 19.00-120.00.

  

Negotiated Sales:

Confirmed:             8,089

Week Ago:              6.607

Year Ago:                   259

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,100

Weighted avg. weight:        870 lbs.

Weighted avg. net price:     192.87

       

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     118,000

Week ago (est)                    115,000

Year ago (act)                        94,000

Week to Date                      466,000

Same Period Last Week    470,000

Same Period Last Year      372,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 316.78… +1.70

Select:  295.91… -1.25

Choice/Select Spread: 20.87

Total Load Count: 106

            

Cutter Cow Cutout:

205.53… +1.37

   

CME Feeder Cattle Index for May 12^th:

131.01… +0.44 / + 0.34%

1 Year Change: +5.70%

52 Week Range: 123.95 - 144.04

              

Futures Settlements…

Live Cattle:

June: 115.60… -3.00

August: 119.40… -2.92

October: 124.05… -2.50

   

Feeder Cattle:

May: 137.45… +0.70

August: 150.50… -0.02

September: 151.97… -0.08

     

June Hogs: 110.10… -1.92

June Crude Oil: 63.82… -2.26

   

July Corn: 6.7475… -0.4000

July Wheat: 7.0150… -0.2825

   

Grain Cash Bids:

Kansas City Corn: 6.97… -0.40

Kansas City Wheat: 6.33… -0.33

   

Financial Markets:

DJIA: 34,028.98… +433.91

S & P 500: 4,112.43… +49.53

NASDAQ: 13,124.99… +93.31

U.S. Dollar Index: 90.69… -0.02