May 25 2021

Texas Daily Ag Market News Summary Posted 3 years 188 days ago by Administrator Account

Daily Market Summary for May 25^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, negotiated cash trading has been slow on light demand in the Southern Plains, Nebraska, and the Western Cornbelt. A few early live purchases traded at 120.00 in the Texas Panhandle and from 119.00-120.00 in Kansas. In Nebraska, a few early live and dressed purchases have traded at 120.00 and 191.00 respectively. In the Western Cornbelt, a few early live purchases have traded at 118.00. Not enough purchases in any of these regions for a full market trend. Negotiated cash trading in Colorado has been at a standstill. Last week in the Texas Panhandle live purchases traded from 119.00-120.00. In Kansas last week, live purchases traded at 119.00. In Nebraska last week live and dressed purchases traded at 120.00 and from 190.00-191.00 respectively. Last week in Colorado live and dressed purchases traded at 120.00 and 191.00 respectively, on a very light test. In the Western Cornbelt last week live and dressed purchases traded at 120.00 and from 188.00-191.00 respectively.

  

Negotiated Sales:

Confirmed:              23,915

Week Ago:               13,575

Year Ago:                 10,428

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   17,000

Weighted avg. weight:        837 lbs.

Weighted avg. net price:     193.25

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        121,000

Week ago (est)                     120,000

Year ago (act)                        107,000

Week to Date                       237,000

Same Period Last Week     235,000

Same Period Last Year        113,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 329.92… +2.09

Select:  304.26… +0.87

Choice/Select Spread: 25.66

Total Load Count: 93

            

Cutter Cow Cutout:

209.66… -0.15

   

CME Feeder Cattle Index for May 24^th:

136.31… +0.65 / +0.48%

1 Year Change: +7.81%

52 Week Range: 126.11 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.72… -0.03

August: 120.10… Unchanged

October: 124.52… +0.25

   

Feeder Cattle:

May: 136.62… +0.35

August: 156.67… +2.55

September: 157.92… +2.52

     

June Hogs: 115.25… +1.90

June Crude Oil: 66.07… +0.02

   

July Corn: 6.2025… -0.3700

July Wheat: 6.5650… -0.0575

   

Grain Cash Bids:

Kansas City Corn: 6.42… -0.38

Kansas City Wheat: 5.80… -0.10

   

Financial Markets:

DJIA: 34,311.73… -82.05

S & P 500: 4,188.17… -8.99

NASDAQ: 13,657.17… -2.96

U.S. Dollar Index: 89.69… -0.15