May 09 2022

Texas Daily Ag Market News Summary Posted 3 years 57 days ago by Administrator Account

Daily Market Summary for May 9^th

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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 6^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: 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