May 04 2020

Texas Daily Ag Market News Summary Posted 3 years 356 days ago by Administrator Account

Daily Market Summary for May 4^th

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Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been at a standstill in the Southern Plains and Nebraska. In the Western Cornbelt negotiated cash trading has been very limited with very light demand. Not enough trades for a market trend. Last week in the Southern Plains live trades moved from 95.00 to 105.00. For the prior week in Nebraska live and dressed trades moved mostly at 95.00 and 150.00, respectively. For the previous week in the Western Cornbelt live and dressed trades moved from 93.00 to 100.00 and 150.00 to 160.00, respectively.

   

Negotiated Sales:

Confirmed:        1,074

Week Ago:         1,513

Year Ago:              780

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,700

Weighted avg. weight:       881 lbs.

Weighted avg. net price:    158.88

        

Cattle Slaughter under Federal Inspection:

Monday (est)                      75,000

Week ago (est)                   77,000

Year ago (act)                    118,000

Previous Day (est)

Steers & Heifers:  56,000

Cows & Bulls:        21,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 410.05… +32.60

Select:  376.66… +19.53

Choice/Select Spread: 33.39

Total Load Count: 121

        

Cutter Cow Cutout:

202.85... +1.90

   

CME Feeder Cattle Index for May 1^st:

118.91... -0.48

       

Futures…

Live Cattle:

June: 88.07… +0.82

August: 93.05… +0.50

October: 97.17… +0.37

   

Feeder Cattle:

May: 119.07… +1.25

August: 128.97… +1.32

September: 129.80… +0.75

     

May Hogs: 67.72… +4.85

June Crude Oil: 20.39… +0.61

   

May Corn: 3.1075… -0.0075

May Soybeans: 8.3400… -0.1325

May Wheat: 5.2425… +0.0275

   

Grain Cash Bids:

Kansas City Corn: 3.13… -0.03

Kansas City Soybeans: 8.24… -0.24

Kansas City Wheat: 5.00… +0.03

   

Financial Markets:

DJIA: 23,749.76… +26.07

S & P 500: 2,842.74… +12.02

NASDAQ: 8,710.72… +105.77

U.S. Dollar Index: 99.54… +0.46