May 06 2022

Texas Daily Ag Market News Summary Posted 2 years 206 days ago by Administrator Account

Daily Market Summary for May 6^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 Friday in Nebraska, negotiated cash trading has been limited on light demand. In the Southern Plains, Colorado and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchase in any region for a market trend. In Kansas on Thursday live purchases traded at 138.00. In all other regions the last reported market was on Wednesday. In the Texas Panhandle 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:       3,896

Week Ago:        1,886

Year Ago:           1,229

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,100

Weighted avg. weight:        848.00

Weighted avg. net price:     228.78

 

Cattle Slaughter under Federal Inspection

Friday (est)                           121,000

Week ago (est)                     118,000

Year ago (act)                       111,000

Week to Date                       608,000

Same Period Last Week     616,000

Same Period Last Year       582,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 254.44… -0.74

Select:  245.06… 75

Choice/Select Spread: 9.38

Total Load Count: 80

 

Cutter Cow Cutout:

219.01… +1.15

 

CME Feeder Cattle Index for May 5^th:

155.60… +0.01 / +0.01%

1 Year Change: +18.93%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.75… -1.02

August: 135.35… -0.67

October: 142.87… -0.53

 

Feeder Cattle:

May: 159.55… -0.77

August: 174.70… +0.33

September: 177.95… +0.50

 

June Hogs: 104.10… -2.97

June Crude Oil: 109.77… +1.51

 

July Corn: 7.8475… -0.1275

July Wheat: 11.0850… +0.0200

 

Grain Cash Bids:

Omaha Corn: 7.90… -0.13

Kansas City Wheat: 11.11… -0.06

 

Financial Markets:

DJIA: 32,901.08… -96.89

S & P 500: 4,123.73… -26.12

NASDAQ: 12,153.28… -162.22

U.S. Dollar Index: 103.62… -0.13