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May
23
2022

Texas Daily Ag Market News Summary

Posted 256 days ago ago by Administrator Account

Daily Market Summary for May 23rd

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 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 20th:

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