May 24 2022

Texas Daily Ag Market News Summary Posted 3 years 41 days ago by Administrator Account

Daily Market Summary for May 24^th

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Slaughter Cattle:

As of 3:00 PM Tuesday in the Texas Panhandle, negotiated cash trading and demand have been moderate. In Kansas negotiated cash trading has been slow with moderate demand. Compared to last week in the Southern Plains live purchases have traded 1.00 lower at 137.00. In the Northern Plains and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in these regions for a market trend. 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:       15,818

Week Ago:        24,011

Year Ago:          23,915

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,400

Weighted avg. weight:        854.00

Weighted avg. net price:     227.95

 

Cattle Slaughter under Federal Inspection

Tuesday (est)                       125,000

Week ago (est)                     125,000

Year ago (act)                       122,000

Week to Date                       250,000

Same Period Last Week     249,000

Same Period Last Year       239,000

Monday

Steers & Heifers:  99,000

Cows & Bulls:        26,000

 

Boxed Beef:

Cutout Values:

Choice: 263.65… -0.63

Select:  245.35… +1.12

Choice/Select Spread: 18.30

Total Load Count: 165

 

Cutter Cow Cutout:

219.59… +0.76

 

CME Feeder Cattle Index for May 23^rd:

153.17… +0.45 / +0.29%

1 Year Change: +12.37%

52 Week Range: 136.12 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.72… -0.05

August: 132.75… -0.22

October: 138.62… +0.25

 

Feeder Cattle:

May: 154.50… +1.05

August: 168.15… +2.53

September: 171.07… +2.77

 

June Hogs: 109.02… -1.35

July Crude Oil: 109.77… -0.52

 

July Corn: 7.7175… -0.1450

July Wheat: 11.5475… -0.3525

 

Grain Cash Bids:

Omaha Corn: 7.83… -0.15

Kansas City Wheat: 12.08… -0.39

 

Financial Markets:

DJIA: 31,942.59… +61.89

S & P 500: 3,942.73… -31.36

NASDAQ: 11,258.92… -272.99

U.S. Dollar Index: 101.75… -0.33