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Jun
01
2022

Texas Daily Ag Market News Summary

Posted 248 days ago ago by Administrator Account

Daily Market Summary for June 1st

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 Wednesday, negotiated cash trading has been slow on light to moderate demand in the Southern Plains with live purchases steady compared to Tuesday at 135.00. In Nebraska, negotiated cash trading has been limited on light demand with a few dressed purchases at 222.00, however not enough for a market trend. Negotiated cash trading in the Western Cornbelt has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week in Nebraska live and dressed purchases traded at 140.00 and from 223.00-224.00, respectively. Last week in the Western Cornbelt live and dressed purchases traded from 140.00-142.00 and from 222.00-227.00, respectively.

Negotiated Sales:

Confirmed:     14,385

Week Ago:      16,565

Year Ago:        22,951

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,500

Weighted avg. weight:        860.00

Weighted avg. net price:    222.57

 

Cattle Slaughter under Federal Inspection

Wednesday (est)                  125,000

Week ago (est)                      125,000

Year ago (act)                        108,000

Week to Date                        254,000

Same Period Last Week      375,000

Same Period Last Year        206,000

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:       27,000

 

Boxed Beef:

Cutout Values:

Choice: 267.42… -0.12

Select:  248.91… +0.26

Choice/Select Spread: 18.51

Total Load Count: 146

 

Cutter Cow Cutout:

219.24… -1.08

 

CME Feeder Cattle Index for May 31st:

153.36… +0.14 / -0.09%

1 Year Change: +12.35%

52 Week Range: 136.50 to 165.35

 

Futures Settlements…

Live Cattle:

June: 132.80… +2.28

August: 132.90… +2.53

October: 137.90… +1.75

 

Feeder Cattle:

August: 169.72… +4.60

September: 172.40… +4.28

October: 174.77… +4.07

 

July Hogs: 112.42… +4.42

July Crude Oil: 115.26… +0.59

 

July Corn: 7.3125… -0.2225

July Wheat: 10.4125… -0.4625

 

Grain Cash Bids:

Omaha Corn: 7.51… -0.19

Kansas City Wheat: 10.98… -0.38

 

Financial Markets:

DJIA: 32,813.29... -178.94

S & P 500: 4,105.78... -27.10

NASDAQ: 12,010.29... -75.90

U.S. Dollar Index: 102.54... +0.78