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May
18
2022

Texas Daily Ag Market News Summary

Posted 256 days ago ago by Administrator Account

Daily Market Summary for May 18th

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. negotiated cash trading has been slow on light demand in Nebraska with live purchases 2.00 lower at 140.00 compared to the last reported market on Tuesday. Not enough dressed purchases for a market trend. The last reported dressed market in Nebraska was on Tuesday at 226.00. Negotiated cash trading has been limited on light demand in all other major feeding regions. Not enough purchases for a market trend. On Tuesday in the Southern Plains live purchases traded at 138.00. In the Western Cornbelt on Tuesday live purchases traded at 142.00. The last reported dressed market in the Western Cornbelt was last week with purchases from 227.00-230.00. The last reported market in Colorado was last week with live purchases from 140.00-144.00.

Negotiated Sales:

Confirmed:          13,460

Week Ago:           14,591

Year Ago:             16,642

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,400

Weighted avg. weight:        856.00

Weighted avg. net price:     229.40

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 125,000

Week ago (est)                     125,000

Year ago (act)                       120,000

Week to Date                       374,000

Same Period Last Week     371,000

Same Period Last Year       354,000

Tuesday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

 

Boxed Beef:

Cutout Values:

Choice: 260.47… -0.01

Select:  246.02… -2.17

Choice/Select Spread: 14.45

Total Load Count: 136

 

Cutter Cow Cutout:

221.17… +1.88

 

CME Feeder Cattle Index for May 17th:

155.05… -0.22 / -0.14%

1 Year Change: +15.88%

52 Week Range: 133.80 to 165.35

 

Futures Settlements…

Live Cattle:

June: 131.50… -1.50

August: 131.70… -1.77

October: 137.92… -1.60

 

Feeder Cattle:

May: 155.85… -1.32

August: 165.80… -0.97

September: 168.45… -0.77

 

June Hogs: 106.10… +0.95

June Crude Oil: 109.59… -2.81

 

July Corn: 7.8150… -0.1925

July Wheat: 12.3075… -0.4675

 

Grain Cash Bids:

Omaha Corn: 7.90… -0.21

Kansas City Wheat: 12.95… -0.43

 

Financial Markets:

DJIA: 31,493.56… -1,161.49

S & P 500: 3,924.18… -164.75

NASDAQ: 11,420.80… -565.27

U.S. Dollar Index: 103.89… +0.53