May 26 2022

Texas Daily Ag Market News summary 5-26-22 Posted 2 years 186 days ago by Administrator Account

Daily Market Summary for May 26th

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!

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Cattle/Beef Complex Indexes...

10-Day Index Trendline

Change from Previous Day: +0.15%

Change from 10 Days Ago: -0.29%

    

 60-Day Index Trendline

Change from 60 Days Ago: -7.45%​

Change from 60 Day High: -8.88%

 

Indexes track daily market values for the past 10 & 60 days.

Each daily value is the weighted total of the Gain/(Loss) for

15 market factors compared to the previous trading day.

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Wednesday Regional Auction Reports

 

Slaughter Cattle: 

As of 3:00 PM Thursday, negotiated cash trading in Kansas, Nebraska and Western Cornbelt has been slow on light demand. In Kansas a few live purchases traded at 136.00. In Nebraska a few dressed purchases traded at 224.00. Thus far for Thursday in the Texas Panhandle and Colorado negotiated cash trading has been mostly inactive on very light demand. However, not enough purchases in any of these regions for a full market trend. Tuesday was the last reported market in the Southern Plains with live purchases at 137.00. Wednesday was the last reported live purchase market in Nebraska and Western Cornbelt with purchases at 140.00 and dressed purchases, in Nebraska, traded at 223.00. In the Western Cornbelt dressed purchases last week traded from 223.00-227.00. Last week in Colorado live purchases traded at 142.00.

Negotiated Sales:

Confirmed:       8,833

Week Ago:        3,055

Year Ago:          1,991

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,200

Weighted avg. weight:        861.00

Weighted avg. net price:     224.95

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Cattle Slaughter under Federal Inspection

Thursday (est)                     124,000

Week ago (est)                     125,000

Year ago (act)                       121,000

Week to Date                       499,000

Same Period Last Week     499,000

Same Period Last Year       481,000

Wednesday

Steers & Heifers:  97,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 263.97… +1.04

Select:  244.43… +0.37

Choice/Select Spread: 19.54

Total Load Count: 134

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Cutter Cow Cutout:

219.21… -1.66

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CME Feeder Cattle Index for May 25th:

153.80… +0.45 / +0.29%

1 Year Change: +12.62%

52 Week Range: 136.12 to 165.35

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Futures Settlements…

Live Cattle:

June: 132.40… +0.10

August: 132.60… +0.08

October: 138.17… -0.03

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Feeder Cattle:

May: 154.07… -0.53

August: 166.67… -1.28

September: 169.72… -1.33

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June Hogs: 111.10… +2.05

July Crude Oil: 114.09… +3.76

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July Corn: 7.6500… -0.0725

July Wheat: 11.4325… -0.0500

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Grain Cash Bids: 

Omaha Corn: 7.80… -0.04

Kansas City Wheat: 11.99… -0.04

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Financial Markets:

DJIA: 32,638.44… +516.91

S & P 500: 4,059.94… +78.94

NASDAQ: 11,740.65… +305.91

U.S. Dollar Index: 101.80… -0.26

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