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May
02
2024

Texas Daily Ag Market News Summary

Posted 46 days ago by Administrator Account

Daily Market Summary for May 2nd

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 Thursday in the Southern Plains, negotiated cash trade has been at a standstill. Last week live FOB purchases traded at 182.00. In Nebraska and the Western Cornbelt negotiated cash has been slow on light demand. Compared to last week live FOB purchases traded 2.00-3.00 higher at 187.00. Compared to Wednesday dressed delivered purchases traded mostly steady at 295.00. Compared to Wednesday in the Western Cornbelt live FOB purchases traded mostly steady at 187.00. The most recent dressed delivered purchases were Wednesday from 294.00 295.00.

Negotiated Sales:

Confirmed:         6,767

Week Ago:        26,475

Year Ago:          21,091

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,900

Weighted avg. weight:        916.00

Weighted avg. net price:    292.58

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Cattle Slaughter under Federal Inspection

Thursday            120,000

Week Ago            125,000

Year Ago              120,174

Week to Date     480,000

Last Week           488,000

Last Year             469,689

Wednesday

Steers & Heifers:     99,000

Cows & Bulls:           24,000

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Boxed Beef:

Cutout Values:

Choice: 292.90… -0.64

Select:  287.98… -0.09

Choice/Select Spread: 4.92

Total Load Count: 164

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Cutter Cow Cutout:

269.52… -2.21

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CME Feeder Cattle Index for May 1st:

243.37… -3.69 / -1.49%

1 Year Change: +19.99%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

June: 176.80… +2.95

August: 173.95… +2.85

Oct: 177.37… +2.52

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Feeder Cattle:

May: 243.60… +2.18

August: 255.22… +3.47

September: 255.97… +3.37

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June Lean Hogs: 99.92… -0.50

June Crude Oil: 79.12… +0.12

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July Corn: 4.5975… +0.0900

July Wheat: 6.0425… +0.0500

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Grain Cash Bids:

Omaha Corn: 4.53… +0.07

Kansas City Wheat: 5.82… +0.12

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Financial Markets:

DJIA: 38,226.19… +324.57

S & P 500: 5,064.19… +45.90

NASDAQ: 15,840.96… +235.48

U.S. Dollar Index: 105.34… -0.42






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