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May
01
2024

Texas Daily Ag Market News Summary

Posted 53 days ago by Administrator Account

Daily Market Summary for May 1st

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


Fed Cattle: 

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases at 182.00. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on light demand. Last week in Nebraska live FOB purchases traded from 184.00-185.00, with a few purchases up to 187.00 and dressed delivered purchases traded from 294.00-295.00. The most recent market in the Western Cornbelt was Monday with live FOB purchases at 185.00. Last week dressed delivered purchases traded at 294.00, on a light test.

Negotiated Sales:

Confirmed:         1,034

Week Ago:        11,930

Year Ago:             5,201

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,900

Weighted avg. weight:         891.00

Weighted avg. net price:     294.23

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Cattle Slaughter under Federal Inspection

Wednesday        123,000

Week Ago           125,000

Year Ago             124,119

Week to Date     360,000

Last Week           360,000

Last Year             373,515

Tuesday

Steers & Heifers:    100,000

Cows & Bulls:           24,000

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Boxed Beef:

Cutout Values:

Choice: 293.54… -0.83

Select:  288.07… -1.88

Choice/Select Spread: 5.47

Total Load Count: 186

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Cutter Cow Cutout:

271.73… +2.38

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CME Feeder Cattle Index for April 30th:

247.06… +0.06 / +0.02%

1 Year Change: +22.42%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

June: 173.85… -1.12

August: 171.10… -2.00

Oct: 174.85… -2.20

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Feeder Cattle:

May: 241.42… -3.15

August: 251.75… -3.75

September: 252.60… -3.87

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June Lean Hogs: 100.42... -2.05

June Crude Oil: 79.10… -2.83

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July Corn: 4.5075… +0.0400

July Wheat: 5.9925… -0.0400

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Grain Cash Bids:

Omaha Corn: 4.46… -0.03

Kansas City Wheat: 5.70… -0.10

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Financial Markets:

DJIA: 37,901.62… +86.10

S & P 500: 5,018.29… -17.39

NASDAQ: 15,605.48… -52.34

U.S. Dollar Index: 106.04… -0.20






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