May 28 2021

Texas Daily Ag Market News Summary Posted 2 years 339 days ago by Administrator Account

Daily Market Summary for May 28^th

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated trade in all feeding regions mostly inactive on very light demand. Not enough purchases in any region for a market trend. The latest established market in any regions was on Wednesday with live purchases in the Texas Panhandle from 116.00-120.00. In Kansas live purchases traded from 119.00-120.00. In Nebraska live and dressed purchases traded at 120.00 and 191.00, respectively. In the Western Cornbelt live and dressed purchases traded at 120.00 and from 189.00-191.00, respectively. The latest established market in Colorado was last week with live and dressed purchases at 120.00 and 191.00, on a very light test.

 

Negotiated Sales:

Confirmed:                    536

Week Ago:                     357

Year Ago:                  13,153

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   23,300

Weighted avg. weight:        839 lbs.

Weighted avg. net price:     191.81

       

Cattle Slaughter under Federal Inspection:

Friday (est)                            117,000

Week ago (est)                     119,000

Year ago (act)                        110,000

Week to Date                        595,000

Same Period Last Week      591,000

Same Period Last Year        442,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 330.97… +0.99

Select:  300.90… -3.20

Choice/Select Spread: 30.07

Total Load Count: 80

            

Cutter Cow Cutout:

211.27… -0.51

   

CME Feeder Cattle Index for May 27^th:

136.12… -0.45 / -0.33%

1 Year Change: +5.23%

52 Week Range: 127.93 - 144.04

              

Futures Settlements…

Live Cattle:

June: 115.87… -0.48

August: 118.60… -0.82

October: 123.70… -0.47

   

Feeder Cattle:

August: 151.35… -1.50

September: 153.52… -1.30

October: 155.02… -1.23

     

June Hogs: 117.25… +1.53

June Crude Oil: 66.32… -0.53

   

July Corn: 6.5675… -0.0775

July Wheat: 6.6350… -0.1275

   

Grain Cash Bids:

Kansas City Corn: 6.79… -0.08

Kansas City Wheat: 5.88… -0.13

   

Financial Markets:

DJIA: 34,530.37… +65.73

S & P 500: 4,204.32… +3.44

NASDAQ: 13,748.74… +12.46

U.S. Dollar Index: 90.04… +0.07