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May
06
2024

Texas Daily Ag Market News Summary

Posted 48 days ago by Administrator Account

Daily Market Summary for May 6th

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 Monday in the Southern Plains and Nebraska, negotiated cash trade was at a standstill. Last week in the Southern Plains live FOB purchases traded at 184.00. Last week in Nebraska live FOB purchases from 186.00-187.00, mostly at 187.00 and dressed delivered purchases traded from 294-295.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week live FOB purchases traded from 185.00-187.00 and dressed delivered purchases traded at mostly 295.00.

Negotiated Sales:

Confirmed:           199

Week Ago:            414

Year Ago:               38

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,400

Weighted avg. weight:         876.00

Weighted avg. net price:     292.41

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Cattle Slaughter under Federal Inspection

Monday              120,000

Week Ago           113,000

Year Ago             124,823

Week to Date     120,000

Last Week           113,000

Last Year             124,823

Monday

Steers & Heifers:      96,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 298.76… +4.56

Select:  289.75… +2.10

Choice/Select Spread: 9.01

Total Load Count: 78

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Cutter Cow Cutout:

272.89… +3.23

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CME Feeder Cattle Index for May 3rd:

240.05… -2.34 / -0.97%

1 Year Change: +20.02%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

June: 176.97… +0.30

August: 174.42… -0.15

Oct: 177.87… -0.18

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Feeder Cattle:

May: 241.40… -1.90

August: 252.87… -1.88

September: 253.87… -1.90

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June Lean Hogs: 98.17… -0.78

June Crude Oil: 78.61… +0.50

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July Corn: 4.6900… -0.0875

July Wheat: 6.4875… +0.2625

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Grain Cash Bids:

Omaha Corn: 4.61… +0.09

Kansas City Wheat: 6.20… +0.25

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Financial Markets:

DJIA: 38,851.94… +176.06

S & P 500: 5,180.76… +53.02

NASDAQ: 16,349.25… +192.92

U.S. Dollar Index: 105.11… +0.08






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