May 18 2021

Texas Daily Ag Market News Summary Posted 3 years 195 days ago by Administrator Account

Daily Market Summary for May 18^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trading has been slow with light demand. In the Texas Panhandle live purchases have traded steady to 0.50 higher from 119.00-12.00 when compared to last week. In Kansas live purchases have traded steady from 119.00-120.00 when compared to the prior week. So far for Tuesday in the Northern Plains and Western Cornbelt negotiated cash trading has been limited on light demand. In Nebraska a few live purchases traded at 120.00. In the Western Cornbelt a few live purchases traded at 120.00. However, not enough purchases for a full market in any of these regions. For the prior week in Nebraska live and dressed purchases traded from 120.00-121.00 and at 191.00, respectively. Last week in Colorado live purchases traded at 120.00. For the previous week in the Western Cornbelt live and dressed purchases traded at mostly 120.00 and from 188.00-191.00, respectively

  

Negotiated Sales:

Confirmed:            12,575

Week Ago:               6,927

Year Ago:                5,261

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   27,200

Weighted avg. weight:        856 lbs.

Weighted avg. net price:     191.41

    

Cattle Slaughter under Federal Inspection:

Tuesday (est)                      120,000

Week ago (est)                   118,000

Year ago (act)                      105,000

Week to Date                      235,000

Same Period Last Week    230,000

Same Period Last Year      203,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 323.34… +3.72

Select:  299.05… +2.16

Choice/Select Spread: 24.29

Total Load Count: 114

            

Cutter Cow Cutout:

207.74… +0.73

   

CME Feeder Cattle Index for May 17^th:

133.70… -0.20 / -0.15%

1 Year Change: +5.41%

52 Week Range: 126.11 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.75… +1.40

August: 119.72… +1.30

October: 124.52… +1.12

   

Feeder Cattle:

May: 137.20… -0.72

August: 151.92… -0.83

September: 153.52… -0.70

     

June Hogs: 110.65… +2.00

June Crude Oil: 65.49… -0.78

   

July Corn: 6.5825… +0.0575

July Wheat: 6.9800… -0.0175

   

Grain Cash Bids:

Kansas City Corn: 6.80… +0.05

Kansas City Wheat: 6.23… -0.04

   

Financial Markets:

DJIA: 34,060.53… -267.26

S & P 500: 4,127.74… -35.89

NASDAQ: 13,303.64… -75.41

U.S. Dollar Index: 89.77… -0.39