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May
09
2022

Texas Daily Ag Market News Summary

Posted 262 days ago ago by Administrator Account

Daily Market Summary for May 9th

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 Monday in the Western Cornbelt, negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In the Southern and Northern Plains negotiated cash trading has been at a standstill. Last week 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 Colorado live purchases traded from 142.00-148.00. In the Western Cornbelt week live and dressed purchases traded from 144.00-147.00 and from 230.00-232.00, respectively.

Negotiated Sales:

Confirmed:           102

Week Ago:             70

Year Ago:             806

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,800

Weighted avg. weight:        849.00

Weighted avg. net price:     226.66

 

Cattle Slaughter under Federal Inspection

Monday (est)                        121,000

Week ago (est)                     111,000

Year ago (act)                       113,000

Friday

Steers & Heifers:  95,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 258.29… +3.85

Select:  243.13… -1.93

Choice/Select Spread: 15.16

Total Load Count: 131

 

Cutter Cow Cutout:

218.58… -0.43

 

CME Feeder Cattle Index for May 6th:

155.60… +0.01 / +0.01%

1 Year Change: +18.93%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

June: 133.55… +0.80

August: 135.37… 0.02

October: 142.62… -0.25

 

Feeder Cattle:

May: 159.80… +0.25

August: 174.22… -0.48

September: 177.22… -0.73

 

June Hogs: 101.30… -2.80

June Crude Oil: 103.09… -6.68

 

July Corn: 7.7200… -0.1275

July Wheat: 10.9275… -0.1575

 

Grain Cash Bids:

Omaha Corn: 7.77… -0.13

Kansas City Wheat: 11.04… -0.07

 

Financial Markets:

DJIA: 32,245.57… -655.51

S & P 500: 3,991.19… -132.54

NASDAQ: 11,630.96… -522.32

U.S. Dollar Index: 103.68… +0.02