May 16 2022

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

Daily Market Summary for May 16^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been slow on light demand in the Western Cornbelt with live purchases steady to 3.00 lower compared to last week at 142.00. Not enough dressed purchases for a market trend. Last week in the Western Cornbelt dressed purchases traded from 227.00-230.00. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Southern Plains live purchases traded at 140.00. In Nebraska last week live and dressed purchases traded at 144.00 and from 227.00-230.00, respectively. Last week in Colorado live purchases traded from 140.00-144.00.

Negotiated Sales:

Confirmed:           5,061

Week Ago:              102

Year Ago:             1,363

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,400

Weighted avg. weight:        862.00

Weighted avg. net price:     225.28

 

Cattle Slaughter under Federal Inspection

Monday (est)                        124,000

Week ago (est)                     121,000

Year ago (act)                       114,000

Friday

Steers & Heifers:  94,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 260.31… +1.36

Select:  245.67… +1.77

Choice/Select Spread: 14.64

Total Load Count: 95

 

Cutter Cow Cutout:

217.80… -0.12

 

CME Feeder Cattle Index for May 13^th:

156.00… -0.36 / -0.23%

1 Year Change: +16.5%

52 Week Range: 133.70 to 165.35

 

Futures Settlements…

Live Cattle:

June: 133.17… +1.10

August: 133.90… +1.55

October: 139.85… +0.73

 

Feeder Cattle:

May: 157.40… -0.47

August: 167.42… -0.60

September: 170.05… -0.62

 

June Hogs: 103.82… +3.07

June Crude Oil: 114.20… +3.71

 

July Corn: 8.0950… +0.2825

July Wheat: 12.4750… -0.7000

 

Grain Cash Bids:

Omaha Corn: 8.15… +0.29

Kansas City Wheat: 12.92… +0.70

 

Financial Markets:

DJIA: 32,224.01… +28.07

S & P 500: 4,008.65… -15.21

NASDAQ: 11,664.76… -140.24

U.S. Dollar Index: 104.22… -0.34