May 26 2021

Texas Daily Ag Market News Summary Posted 3 years 187 days ago by Administrator Account

Daily Market Summary for May 26^th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

---

Slaughter Cattle:

As of 3:00 PM Wednesday, negotiated cash trading has been slow on light demand in the Texas Panhandle with live purchases steady to 4.00 lower compared to the last reported market on Tuesday from 116.00-120.00. In Kansas, negotiated cash trading has been slow on light demand with live purchases steady compared to Tuesday from 119.00-120.00. Negotiated cash trading in Nebraska has been slow on light demand with live and dressed purchases at 120.00 and 191.00, steady with the last reported market on Tuesday. In the Western Cornbelt negotiated cash trading has been slow on light demand with a few live and dressed purchases at 120.00 and 191.00, however not enough for a full market trend. In the Western Cornbelt last week live and dressed purchases traded at 120.00 and from 188.00-191.00 respectively. In Colorado, negotiated cash trading has been mostly inactive on very light demand, not enough purchases for a full market trend. Last week in Colorado live and dressed purchases traded at 120.00 and 191.00, respectively, on a very light test.

  

Negotiated Sales:

Confirmed:              25,190

Week Ago:               16,642

Year Ago:                 24,735

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   18,500

Weighted avg. weight:        858 lbs.

Weighted avg. net price:     192.73

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                  120,000

Week ago (est)                     118,000

Year ago (act)                        110,000

Week to Date                       357,000

Same Period Last Week     353,000

Same Period Last Year       223,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 329.49… -0.43

Select:  304.05… -0.21

Choice/Select Spread: 25.44

Total Load Count: 119

            

Cutter Cow Cutout:

210.51… +0.85

   

CME Feeder Cattle Index for May 25^th:

136.35… +0.04 / +0.03%

1 Year Change: +8.12%

52 Week Range: 126.11 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.45… -0.27

August: 119.32… -0.78

October: 124.07… -0.45

   

Feeder Cattle:

May: 136.50… -0.12

August: 155.20… -1.47

September: 157.10… -0.82

     

June Hogs: 115.27… +0.02

June Crude Oil: 66.21… +0.14

   

July Corn: 6.2450… +0.0425

July Wheat: 6.4850… -0.0800

   

Grain Cash Bids:

Kansas City Corn: 6.47… +0.05

Kansas City Wheat: 5.74… -0.06

   

Financial Markets:

DJIA: 34,315.71… +3.98

S & P 500: 4,196.26… +8.09

NASDAQ: 13,738.90… +81.73

U.S. Dollar Index: 90.03… +0.40