May 23 2022

Texas Daily Ag Market News Summary Posted 2 years 189 days ago by Administrator Account

Daily Market Summary for May 23^rd

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading was at a standstill in the Texas Panhandle, Northern Plains and Western Cornbelt. In Kansa negotiated cash trading was mostly inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 138.00. For the prior week in Nebraska live and dressed purchases traded from 140.00-142.00 and at 226.00, respectively. Last week in Colorado and Western Cornbelt live purchases traded at 142.00 and dressed purchases in the Western Cornbelt traded from 223.00-227.00.

Negotiated Sales:

Confirmed:          774

Week Ago:        5,061

Year Ago:             990

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,600

Weighted avg. weight:        860.00

Weighted avg. net price:     224.59

 

Cattle Slaughter under Federal Inspection

Monday (est)                        125,000

Week ago (est)                     124,000

Year ago (act)                       117,000

Friday

Steers & Heifers:  99,000

Cows & Bulls:        24,000

 

Boxed Beef:

Cutout Values:

Choice: 264.28… +2.11

Select:  244.23… +1.21

Choice/Select Spread: 20.05

Total Load Count: 125

 

Cutter Cow Cutout:

218.82… -0.58

 

CME Feeder Cattle Index for May 20^th:

152.72… -0.33 / -0.22%

1 Year Change: +12.58%

52 Week Range: 136.12 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.37… +1.20

August: 133.97… +1.42

October: 138.37… +0.95

 

Feeder Cattle:

May: 153.45… +0.05

August: 165.62… +1.70

September: 168.30… +1.30

 

June Hogs: 110.37… +1.50

July Crude Oil: 110.29… +0.01

 

July Corn: 7.8625… +0.0750

July Wheat: 11.9000… +0.2125

 

Grain Cash Bids:

Omaha Corn: 7.98… +0.09

Kansas City Wheat: 12.47… +0.24

 

Financial Markets:

DJIA: 31,880.70… +620.12

S & P 500: 3,974.09… +72.32

NASDAQ: 11,531.90… +172.73

U.S. Dollar Index: 102.09… -1.06