May 02 2022

Texas Daily Ag Market News Summary Posted 2 years 210 days ago by Administrator Account

Daily Market Summary for May 2^nd

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Southern Plains live purchases traded at 140.00. For the prior week in Nebraska live and dressed purchases traded at 146.00 and 232.00, respectively. Last week in Colorado live purchases traded from 146.00-147.00. For the previous week in the Western Cornbelt live and dressed purchases traded from 145.00-147.00 and at 232.00, respectively.

Negotiated Sales:

Confirmed:           70

Week Ago:       6,116

Year Ago:          4,854

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,000

Weighted avg. weight:        869.00

Weighted avg. net price:     225.86

 

Cattle Slaughter under Federal Inspection

Monday (est)                       115,000

Week ago (est)                    125,000

Year ago (act)                      115,000

Friday

Steers & Heifers:  94,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 262.55… +1.77

Select:  248.23… +0.26

Choice/Select Spread: 14.32

Total Load Count: 79

 

Cutter Cow Cutout:

219.27… -1.28

 

CME Feeder Cattle Index for April 29^th:

155.24… -0.40 / -0.26%

1 Year Change: +17.05%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

June: 135.20… +2.55

August: 137.05… +1.78

October: 144.05… +1.58

 

Feeder Cattle:

May: 161.42… +5.07

August: 174.07… +5.80

September: 176.67… +5.25

 

June Hogs: 104.97… -1.40

June Crude Oil: 105.17… +0.48

 

July Corn: 8.0350… -0.1000

July Wheat: 10.5550… -0.0025

 

Grain Cash Bids:

Omaha Corn: 8.09… -0.10

Kansas City Wheat: 10.33… -0.08

 

Financial Markets:

DJIA: 33,063.61… +85.09

S & P 500: 4,156.12… +24.36

NASDAQ: 12,539.61… +204.63

U.S. Dollar Index: 103.61… +0.65