May 10 2022

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

Daily Market Summary for May 10^th

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Slaughter Cattle:

As of 3:00 PM Tuesday, in the Southern Plains negotiated cash trading has been light to moderate with moderate demand. In the Texas Panhandle live purchases have traded steady to 1.00 lower from 139.00-140.00, when compared to last week. In Kansas live purchases have traded steady at 140.00, when compared to the prior week. In the Northern Plains negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. In the Western Cornbelt negotiated cash trading has been at a standstill. Last week 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:           19,361

Week Ago:             3,758

Year Ago:               9,927

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,900

Weighted avg. weight:        869.00

Weighted avg. net price:     229.52

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                        125,000

Week ago (est)                     126,000

Year ago (act)                       119,000

Week to Date                       246,000

Same Period Last Week     237,000

Same Period Last Year       232,000

Monday

Steers & Heifers:  94,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 255.24… -3.05

Select:  242.35… -0.78

Choice/Select Spread: 12.89

Total Load Count: 202

 

Cutter Cow Cutout:

219.55… +0.97

 

CME Feeder Cattle Index for May 9^th:

156.33… +0.12 / +0.08%

1 Year Change: +19.84%

52 Week Range: 130.15 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.40… -1.15

August: 134.10… -1.27

October: 141.37… -1.25

 

Feeder Cattle:

May: 158.92… -0.88

August: 171.85… -2.37

September: 174.95… -2.27

 

June Hogs: 101.57… +0.27

June Crude Oil: 99.76… -3.33

 

July Corn: 7.7525… +0.0325

July Wheat: 10.9275… Unchanged

 

Grain Cash Bids:

Omaha Corn: 7.80… +0.03

Kansas City Wheat: 11.15… +0.11

 

Financial Markets:

DJIA: 32,160.15… -85.42

S & P 500: 4,000.95… +9.76

NASDAQ: 11,737.35… +106.39

U.S. Dollar Index: 103.95… +0.30