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May
03
2022

Texas Daily Ag Market News Summary

Posted 268 days ago ago by Administrator Account

Daily Market Summary for May 3rd

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 Tuesday, negotiated cash trading has been limited on light demand in Nebraska, Colorado, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Sothern Plains. 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:       3,758

Week Ago:      36,240

Year Ago:         33,003

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,100

Weighted avg. weight:         870.00

Weighted avg. net price:     228.64

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       126,000

Week ago (est)                     125,000

Year ago (act)                       122,000

Week to Date                       237,000

Same Period Last Week     250,000

Same Period Last Year       237,000

Monday

Steers & Heifers:  85,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 229.55… -3.00

Select:  247.34… -0.89

Choice/Select Spread: 12.21

Total Load Count: 176

 

Cutter Cow Cutout:

221.69… +2.42

 

CME Feeder Cattle Index for May 2nd:

155.77… +0.53 / +0.34%

1 Year Change: +17.33%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

June: 135.32… +0.12

August: 137.32… +0.27

October: 144.52… +0.47

 

Feeder Cattle:

May: 162.40… +0.98

August: 176.27… +2.20

September: 178.35… +1.68

 

June Hogs: 102.20… -2.77

June Crude Oil: 102.41… -2.76

 

July Corn: 7.9300… -0.1050

July Wheat: 10.4550… -0.1000

 

Grain Cash Bids:

Omaha Corn: 7.98… -0.11

Kansas City Wheat: 10.33… -0.05

 

Financial Markets:

DJIA: 33,127.01… +63.40

S & P 500: 4,175.22… +19.10

NASDAQ: 12,563.32… +23.71

U.S. Dollar Index: 103.48… -0.26