May 20 2022

Texas Daily Ag Market News Summary Posted 1 years 340 days ago by Administrator Account

Daily Market Summary for May 20^th

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 Friday, negotiated cash trading has been mostly inactive on very light demand in the Western Cornbelt. Not enough purchases for a market trend. Negotiated cash trading was 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:      923

Week Ago:      1,120

Year Ago:        357

Formula Net - Dressed Steers & Heifers:

Head count priced today:       19,200

Weighted avg. weight:            853.00

Weighted avg. net price:         228.94

 

Cattle Slaughter under Federal Inspection

Friday (est)                              123,000

Week ago (est)                       120,000

Year ago (act)                         119,000

Week to Date                          622,000

Same Period Last Week         615,000

Same Period Last Year          593,000

Thursday

Steers & Heifers:        96,000

Cows & Bulls:              29,000

 

Boxed Beef:

Cutout Values:

Choice: 262.17… +0.47

Select:  243.02… -3.04

Choice/Select Spread: 19.15

Total Load Count: 90

 

Cutter Cow Cutout:

219.40… +0.44

 

CME Feeder Cattle Index for May 19^th:

153.05… -0.41 / -0.27%

1 Year Change: +13.29%

52 Week Range: 135.20 to 165.35

 

Futures Settlements…

Live Cattle:

June: 131.57… +0.07

August: 131.55… -0.47

October: 137.42… -0.58

 

Feeder Cattle:

May: 153.40… -0.72

August: 163.92… -1.28

September: 167.00… -0.90

 

June Hogs: 108.87… +3.57

June Crude Oil: 113.23… +1.02

 

July Corn: 7.7875… -0.0450

July Wheat: 11.6875… -0.3175

 

Grain Cash Bids:

Omaha Corn: 7.89… -0.02

Kansas City Wheat: 12.23… -0.42

 

Financial Markets:

DJIA: 31,260.58… +7.45

S & P 500: 3,901.36… +0.91

NASDAQ: 11,359.18… -35.51

U.S. Dollar Index: 103.04… +0.32