May 01 2020

Texas Daily Ag Market News Summary Posted 3 years 360 days ago by Administrator Account

Daily Market Summary for May 1^st

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Slaughter Cattle:

As of 3:00 PM Friday, negotiated cash trading has been slow on light to moderate demand in all feeding regions. In the Southern Plains live trades ranged from 95.00 to 105.00. Thus far for the week in the Texas Panhandle the bulk of live trades have moved at 95.00 and in Kansas the bulk from 95.00 to 105.00. So far for Friday in Nebraska the bulk of live trades moved from 95.00 to 105.00, thus far for the week the bulk of live trades moved at 95.00. For Friday not enough dressed trades for a market trend. Thus far for the week the bulk of dressed trades have moved at 150.00. For Friday in the Western Cornbelt not enough live or dressed trades for a market trend. Thus far for the week live trades moved mostly from 93.00 to 100.00 and dressed trades move mostly from 150.00 to 160.00.

   

Negotiated Sales:

Confirmed:        15,697

Week Ago:           7,881

Year Ago:             2,138

    

Formula Net

Dressed Steers & Heifers:

Head count priced today: 15,200

Weighted avg. weight:       846 lbs.

Weighted avg. net price:   161.34

        

Cattle Slaughter under Federal Inspection:

Friday (est)                          77,000

Week ago (est)                   83,000

Year ago (act)                    120,000

Week to Date                    378,000

Same Period Last Week   422,000

Same Period Last year     605,000

Previous Day (est)

Steers & Heifers:  58,000

Cows & Bulls:        22,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 377.45… +9.89

Select:  357.13… +6.97

Choice/Select Spread: 20.32

Total Load Count: 83

        

Cutter Cow Cutout:

200.95… +2.79

   

CME Feeder Cattle Index for April 30^th:

119.39… +0.65

       

Futures…

Live Cattle:

June: 87.25… +1.30

August: 92.55… +0.45

October: 96.80… +0.48

   

Feeder Cattle:

May: 117.82… +0.72

August: 127.65… +1.15

September: 129.05… +0.90

     

May Hogs: 62.87… +3.75

June Crude Oil: 19.78… +0.94

   

May Corn: 3.1150… Unchanged

May Soybeans: 8.4725… -0.0300

May Wheat: 5.2150… -0.0825

   

Grain Cash Bids:

Kansas City Corn: 3.16… Unchanged

Kansas City Soybeans: 8.48… +0.08

Kansas City Wheat: 4.97… -0.10

   

Financial Markets:

DJIA: 23,723.69… -622.03

S & P 500: 2,830.72… -81.71

NASDAQ: 8,604.95… -284.60

U.S. Dollar Index: 99.04… +0.02