May 19 2022

Texas Daily Ag Market News Summary Posted 2 years 193 days ago by Administrator Account

Daily Market Summary for May 19^th

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Slaughter Cattle:

As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive on very light demand in Kansas, Nebraska, and the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. On Tuesday in the Southern Plains live purchases traded at 138.00. In Nebraska on Wednesday live purchases traded at 140.00 and on Tuesday dressed purchases traded at 226.00. 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:          3,125

Week Ago:           5,913

Year Ago:           14,153

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,700

Weighted avg. weight:        864.00

Weighted avg. net price:     230.06

 

Cattle Slaughter under Federal Inspection

Thursday (est)                     125,000

Week ago (est)                     124,000

Year ago (act)                       120,000

Week to Date                       499,000

Same Period Last Week     495,000

Same Period Last Year       474,000

Wednesday

Steers & Heifers:  96,000

Cows & Bulls:        29,000

 

Boxed Beef:

Cutout Values:

Choice: 261.70… +1.23

Select:  246.06… +0.04

Choice/Select Spread: 15.64

Total Load Count: 86

 

Cutter Cow Cutout:

218.96… -2.21

 

CME Feeder Cattle Index for May 18^th:

155.46… -1.59 / -1.03%

1 Year Change: +14.64%

52 Week Range: 133.86 to 165.35

 

Futures Settlements…

Live Cattle:

June: 131.50… Unchanged

August: 132.02… +0.32

October: 138.00… +0.05

 

Feeder Cattle:

May: 154.12… -1.73

August: 165.20… -0.60

September: 167.90… -0.55

 

June Hogs: 105.30… -0.80

June Crude Oil: 112.21… +2.62

 

July Corn: 7.8325… +0.0175

July Wheat: 12.0050… -0.3025

 

Grain Cash Bids:

Omaha Corn: 7.91… +0.01

Kansas City Wheat: 12.65… -0.30

 

Financial Markets:

DJIA: 31,262.42… -231.14

S & P 500: 3,900.45… -23.73

NASDAQ: 11,394.69… -26.11

U.S. Dollar Index: 102.82… -0.99