May 25 2022

Texas Daily Ag Market News Summary Posted 3 years 40 days ago by Administrator Account

Daily Market Summary for May 25^th

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Slaughter Cattle:

As of 3:00 PM Wednesday in Nebraska, negotiated cash trading has been moderate slow to moderate with moderate demand. Compared to last week live purchases traded steady to 2.00 lower at 140.00 and dressed purchases ranged from 222.00-225.00, mostly 3.00 lower at 223.00. Negotiated cash trading in Kansas and Western Cornbelt has been limited on light demand. In the Texas Panhandle and Colorado negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in these regions for a market trend. Tuesday was the last reported market in the Southern Plains with live purchases at 137.00. 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:       16,565

Week Ago:        13,460

Year Ago:          25,190

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,400

Weighted avg. weight:        854.00

Weighted avg. net price:    225.65

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                 125,000

Week ago (est)                     125,000

Year ago (act)                       121,000

Week to Date                       375,000

Same Period Last Week     374,000

Same Period Last Year       360,000

Tuesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

 

Boxed Beef:

Cutout Values:

Choice: 262.93… -0.72

Select:  244.06… -1.29

Choice/Select Spread: 18.87

Total Load Count: 102

 

Cutter Cow Cutout:

220.87… +1.28

 

CME Feeder Cattle Index for May 24^th:

153.35… +0.18 / +0.12%

1 Year Change: +12.47%

52 Week Range: 136.12 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.30… -0.42

August: 132.52… -0.23

October: 138.20… -0.42

 

Feeder Cattle:

May: 154.60… +0.10

August: 167.95… -0.20

September: 171.05… -0.02

 

June Hogs: 109.05… +0.03

July Crude Oil: 110.33… +0.56

 

July Corn: 7.7225… +0.0050

July Wheat: 11.4825… -0.0650

 

Grain Cash Bids:

Omaha Corn: 7.84… +0.01

Kansas City Wheat: 12.03… -0.05

 

Financial Markets:

DJIA: 32,121.53… +192.91

S & P 500: 3,979.00… +36.27

NASDAQ: 11,434.74… +175.82

U.S. Dollar Index: 102.12… +0.26