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May
17
2022

Texas Daily Ag Market News Summary

Posted 254 days ago ago by Administrator Account

Daily Market Summary for May 17th

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 Tuesday, negotiated cash trading and demand have been light to moderate in the Southern Plains with live purchases 2.00 lower compared to last week at 138.00. Negotiated cash trading has been slow on light demand in Nebraska with a few dressed purchases from 226.00-227.00, however not enough for a market trend. Last week in Nebraska live and dressed purchases traded at 144.00 and at 230.00, respectively. Negotiated cash trading has been mostly inactive on light demand in the Western Cornbelt and Colorado. Not enough purchases in these regions for a market trend. Last week in Colorado live purchases traded from 140.00-144.00. The last reported live trade in the Western Cornbelt was on Monday with live purchases at 142.00, and the last reported dressed trade was last week with dressed purchases from 227.00-230.00.

Negotiated Sales:

Confirmed:          24,011

Week Ago:           19,361

Year Ago:             13,575

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,600

Weighted avg. weight:         856.00

Weighted avg. net price:     230.23

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       125,000

Week ago (est)                     125,000

Year ago (act)                       120,000

Week to Date                       249,000

Same Period Last Week     246,000

Same Period Last Year       234,000

Monday

Steers & Heifers:  97,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 260.48… +0.17

Select:  248.19… +2.52

Choice/Select Spread: 12.29

Total Load Count: 118

 

Cutter Cow Cutout:

219.29… +1.48

 

CME Feeder Cattle Index for May 16th:

155.27… -0.73 / -0.47%

1 Year Change: +16.13%

52 Week Range: 133.70 to 165.35

 

Futures Settlements…

Live Cattle:

June: 133.00… -0.17

August: 133.47… -0.43

October: 139.52… -0.33

 

Feeder Cattle:

May: 157.17… -0.23

August: 166.77… -0.65

September: 169.22… -0.83

 

June Hogs: 105.15… +1.33

June Crude Oil: 112.40… -1.80

 

July Corn: 8.0075… -0.0875

July Wheat: 12.7750… +0.3000

 

Grain Cash Bids:

Omaha Corn: 8.11… -0.04

Kansas City Wheat: 13.38… +0.46

 

Financial Markets:

DJIA: 32,655.05… +431.04

S & P 500: 4,088.93… +80.28

NASDAQ: 11,986.07… +321.31

U.S. Dollar Index: 103.34… -0.85