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May
03
2024

Texas Daily Ag Market News Summary

Posted 51 days ago by Administrator Account

Daily Market Summary for May 3rd

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 Friday in the Texas Panhandle, negotiated cash trade has been slow on light demand. In Kansas negotiated cash trade has been moderate on trade and demand. Compared to last week in the Southern Plains live FOB purchases traded 2.00 higher at 184.00. In Nebraska and the Western Cornbelt negotiated cash has been slow on light demand. The most recent live FOB purchases in Nebraska were Thursday from 186.00-187.00 and dressed delivered purchases traded 295.00. In the Western Cornbelt on Thursday live FOB purchases traded at 187.00 and dressed delivered purchases traded at 295.00.

Negotiated Sales:

Confirmed:        11,726

Week Ago:          5,527

Year Ago:           2,398

Formula Net - Dressed Steers & Heifers:

Head count priced today:    31,300

Weighted avg. weight:         865.00

Weighted avg. net price:     292.11

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Cattle Slaughter under Federal Inspection

Friday                  119,000

Week Ago           113,000

Year Ago             117,037

Week to Date     599,000

Last Week           601,000

Last Year             610,726

Friday

Steers & Heifers:      96,000

Cows & Bulls:            24,000

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Boxed Beef:

Cutout Values:

Choice: 294.20… +1.30

Select:  287.65… -0.33

Choice/Select Spread: 6.55

Total Load Count: 94

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Cutter Cow Cutout:

269.66… +0.14

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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: 176.67… -0.13

August: 174.57… +0.62

Oct: 178.05… +0.68

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Feeder Cattle:

May: 243.30… -0.30

August: 254.75… -0.47

September: 255.77… -0.20

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June Lean Hogs: 98.95… -0.97

June Crude Oil: 78.10... -0.85

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July Corn: 4.6025… +0.0050

July Wheat: 6.2250… +0.1825

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Grain Cash Bids:

Omaha Corn: 4.52… -0.01

Kansas City Wheat: 5.95… +0.13

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Financial Markets:

DJIA: 38,675.88… +449.69

S & P 500: 5,127.74… +63.55

NASDAQ: 16,156.33… +315.37

U.S. Dollar Index: 105.03… -0.31






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