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May
05
2022

Texas Daily Ag Market News Summary

Posted 266 days ago ago by Administrator Account

Daily Market Summary for May 5th

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 Thursday, negotiated cash trading has been limited on light demand in Kansas, Nebraska, Colorado, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in the Texas Panhandle. Wednesday was the latest reported market in all regions. In the Southern Plains live purchases traded at 140.00. In Nebraska live and dressed purchases traded at 146.00 and 232.00, respectively. In the Western Cornbelt live purchases traded at 146.00 and dressed purchases traded from 230.00-232.00. In Colorado live purchases traded from 142.00-146.00.

Negotiated Sales:

Confirmed:       3,762

Week Ago:        3,338

Year Ago:           6,607

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,700

Weighted avg. weight:        900.00

Weighted avg. net price:     231.34

 

Cattle Slaughter under Federal Inspection

Thursday (est)                      124,000

Week ago (est)                     123,000

Year ago (act)                       115,000

Week to Date                       487,000

Same Period Last Week     498,000

Same Period Last Year       471,000

Wednesday

Steers & Heifers:  97,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 255.18… -4.56

Select:  245.81… -1.87

Choice/Select Spread: 9.37

Total Load Count: 159

 

Cutter Cow Cutout:

217.86… -2.60

 

CME Feeder Cattle Index for May 4th:

155.59… -0.16 / -0.10%

1 Year Change: +18.27%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

June: 133.77… -1.05

August: 136.02… -1.05

October: 143.40… -1.10

 

Feeder Cattle:

May: 160.32… -1.93

August: 174.37… -1.83

September: 177.45… -1.20

 

June Hogs: 107.07… +1.97

June Crude Oil: 108.26… +0.45

 

July Corn: 7.9750… +0.0325

July Wheat: 11.0650… +0.3000

 

Grain Cash Bids:

Omaha Corn: 8.03… +0.04

Kansas City Wheat: 11.17… +0.54

 

Financial Markets:

DJIA: 33,028.98… -1,032.14

S & P 500: 4,149.85… -151.05

NASDAQ: 12,315.50… -646.60

U.S. Dollar Index: 103.53… +0.94