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May
12
2022

Texas Daily Ag Market News Summary

Posted 262 days ago ago by Administrator Account

Daily Market Summary for May 12th

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 Thursday, in Nebraska and Western Cornbelt negotiated cash trading has been limited with light demand. In Kansas negotiated cash trading has been mostly inactive with very light demand. Not enough purchases in any price range for a full market trend in these regions. Wednesday was the last reported market in Nebraska and Western Cornbelt. In Nebraska live and dressed purchases traded at 144.00 and 230.00, respectively. In the Western Cornbelt live and dressed purchases traded from 144.00-145.00 and 227.00-230.00, respectively. Tuesday was the last reported market in Kansas with live purchases at 140.00. Thus far for Thursday in the Texas Panhandle and Colorado negotiated cash trading has been at a standstill. Wednesday was the last reported market in the Texas Panhandle with live purchases at 140.00. Last week in Colorado live purchases traded from 142.00-148.00.

Negotiated Sales:

Confirmed:          5,913

Week Ago:           3,762

Year Ago:             8,129

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,000

Weighted avg. weight:        886.00

Weighted avg. net price:     233.10

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     124,000

Week ago (est)                     124,000

Year ago (act)                       115,000

Week to Date                       495,000

Same Period Last Week     487,000

Same Period Last Year       466,000

Wednesday

Steers & Heifers:  96,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 257.20… +2.12

Select:  244.36… +2.18

Choice/Select Spread: 12.84

Total Load Count: 137

 

Cutter Cow Cutout:

217.95… -2.22

 

CME Feeder Cattle Index for May 11th:

156.61… +0.37 / +0.24%

1 Year Change: +19.54%

52 Week Range: 131.01 to 165.35

 

Futures Settlements…

Live Cattle:

June: 131.65… -1.92

August: 132.77… -1.88

October: 139.85… -2.07

 

Feeder Cattle:

May: 156.87… -1.28

August: 166.52… -3.48

September: 169.67… -3.50

 

June Hogs: 97.47… -3.38

June Crude Oil: 106.13… +0.42

 

July Corn: 7.9150… +0.0300

July Wheat: 11.7875… +0.6575

 

Grain Cash Bids:

Omaha Corn: 7.97… +0.03

Kansas City Wheat: 12.10… +0.69

 

Financial Markets:

DJIA: 31,730.10… -104.27

S & P 500: 3,930.86… -4.39

NASDAQ: 11,368.18… +3.94

U.S. Dollar Index: 104.81… +0.96