May 01 2023

Texas Daily Ag Market News Summary Posted 1 years 17 days ago by Administrator Account

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

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Fed Cattle:  As of 3:00 PM Monday in Nebraska, negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. In the Southern Plains and Western Cornbelt negotiated cash trading has been at a standstill. The latest established market in all regions was last week. In the Southern Plains live purchases traded at 173.00. In Nebraska live and dressed purchases traded from 178.00-180.00 and from 283.00-286.00, respectively. In the Western Cornbelt live and dressed purchases traded at 180.00 and at 285.00, respectively.

Negotiated Sales:

Confirmed:            314

Week Ago:             299

Year Ago:                  70

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,700

Weighted avg. weight:         858.00

Weighted avg. net price:     284.77

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Cattle Slaughter under Federal Inspection

Monday              123,000

Week Ago           124,000

Year Ago             113,000

Friday

Steers & Heifers: 80,000

Cows & Bulls:       26,000

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Boxed Beef:

Cutout Values:

Choice: 310.02… -1.42

Select:  291.00… +2.66

Choice/Select Spread: 19.02

Total Load Count: 78

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Cutter Cow Cutout:

217.31… -2.88

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CME Feeder Cattle Index for April 28th:

201.81… -1.39 / -0.68%

1 Year Change: +30.00%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 164.87… -0.60

August: 162.65… -1.12

October: 167.00… -0.62

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Feeder Cattle:

May: 209.70… -1.27

August: 230.10… -0.62

September: 233.07… -0.73

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June Lean Hogs: 89.70… -2.00

June Crude Oil: 75.66… -1.12

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July Corn: 5.8450… -0.0050

July Wheat: 6.1825… -0.1550

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Grain Cash Bids:

Omaha Corn: 6.32… +0.02

Kansas City Wheat: 7.17… -0.19

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Financial Markets:

DJIA: 34,050.91… -48.04

S & P 500: 4,167.59… -1.98

NASDAQ: 12,212.60… -13.98

U.S. Dollar Index: 102.17… +0.51