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May
11
2022

Texas Daily Ag Market News Summary

Posted 260 days ago ago by Administrator Account

Daily Market Summary for May 11th

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 Wednesday in the Texas Panhandle, Nebraska and Western Cornbelt, negotiated cash trading has been slow with moderate demand. In the Texas Panhandle, compared to the last reported market on Tuesday, live purchases traded steady at 140.00. In Nebraska, compared to the last reported market on Tuesday, live and dressed purchases traded steady at 144.00 and 230.00, respectively. Not enough purchases in the Western Cornbelt for a market trend. For the prior week live and dressed purchases traded from 144.00-147.00 and from 230.00-232.00, respectively. Thus far Wednesday in Kansas and Colorado negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend. In Kansas the last reported market was on Tuesday with live purchases at 140.00. In Colorado last week live purchases traded from 142.00-148.00.

Negotiated Sales:

Confirmed:          14,591

Week Ago:           44,524

Year Ago:             20,153

Formula Net - Dressed Steers & Heifers:

Head count priced today:   15,700

Weighted avg. weight:        861.00

Weighted avg. net price:     226.74

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 125,000

Week ago (est)                     126,000

Year ago (act)                       119,000

Week to Date                       371,000

Same Period Last Week     363,000

Same Period Last Year       351,000

Tuesday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 255.08… -0.16

Select:  242.18… -0.17

Choice/Select Spread: 12.90

Total Load Count: 185

 

Cutter Cow Cutout:

220.17… +0.62

 

CME Feeder Cattle Index for May 10th:

156.24… -0.09 / -0.06%

1 Year Change: +19.66%

52 Week Range: 130.57 to 165.35

 

Futures Settlements…

Live Cattle:

June: 133.57… +1.17

August: 134.65… +0.55

October: 141.92… +0.55

 

Feeder Cattle:

May: 158.15… -0.77

August: 170.00… -1.85

September: 173.17… -1.78

 

June Hogs: 100.85… -0.72

June Crude Oil: 105.71… +5.95

 

July Corn: 7.8550… +0.1325

July Wheat: 11.1300… +0.2025

 

Grain Cash Bids:

Omaha Corn: 7.94… +0.14

Kansas City Wheat: 11.41… +0.26

 

Financial Markets:

DJIA: 31,834.37… -325.78

S & P 500: 3,935.25… -65.70

NASDAQ: 11,364.24… -373.11

U.S. Dollar Index: 103.99… +0.07