May 13 2022

Texas Daily Ag Market News Summary Posted 3 years 53 days ago by Administrator Account

Daily Market Summary for May 13^th

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Slaughter Cattle:

As of 3:00 PM Friday in the Western Cornbelt, negotiated cash trading has been limited on light demand. In the Southern and Northern Plains negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend in any region. Wednesday was the last reported market in the Texas Panhandle, Nebraska and Western Cornbelt. In the Texas Panhandle with live purchases at 140.00. 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. Last week in Colorado live purchases traded from 142.00-148.00.

Negotiated Sales:

Confirmed:          1,120

Week Ago:           3,896

Year Ago:            3,658

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,600

Weighted avg. weight:        841.00

Weighted avg. net price:    227.58

 

Cattle Slaughter under Federal Inspection

Friday (est)                           120,000

Week ago (est)                     121,000

Year ago (act)                       116,000

Week to Date                       615,000

Same Period Last Week     608,000

Same Period Last Year       582,000

Thursday

Steers & Heifers:  95,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 257.20

Select:  244.36

Choice/Select Spread: 12.84

Total Load Count: 137

 

Cutter Cow Cutout:

217.92… -0.03

 

CME Feeder Cattle Index for May 12^th:

156.36… -0.25 / -0.16%

1 Year Change: +18.70%

52 Week Range: 131.73 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.07… +0.42

August: 132.35… -0.42

October: 139.12… -0.73

 

Feeder Cattle:

May: 157.87… +1.00

August: 168.02… +1.50

September: 170.67… +1.00

 

June Hogs: 100.75… +3.28

June Crude Oil: 110.49… +4.36

 

July Corn: 7.8125… -0.1025

July Wheat: 11.7750… -0.0125

 

Grain Cash Bids:

Omaha Corn: 7.86… -0.11

Kansas City Wheat: 12.22… +0.12

 

Financial Markets:

DJIA: 32,195.94… +465.84

S & P 500: 4,023.86… +93.00

NASDAQ: 11,805.00… +436.92

U.S. Dollar Index: 104.58… -0.27