May 13 2020

Texas Daily Ag Market News Summary Posted 3 years 348 days ago by Administrator Account

Daily Market Summary for May 13^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, in Kansas negotiated cash trading has been slow on light demand. Compared to Tuesday live cash trades moved 5.00 higher at 115.00. In the Texas Panhandle negotiated cash trading has been inactive on very light demand for Wednesday. Not enough trades for a market trend. The last reported market was on Tuesday with live trades at 110.00. So far for Wednesday in Nebraska and Western Cornbelt negotiated cash trading and demand has been moderate. In Nebraska, when compared to last week, live cash trades moved 15.00 higher at 110.00, on a light test, with a few up to 115.00. The bulk of dressed cash trades, when compared to last week, moved 20.00 to 30.00 higher from 170.00 to 180.00, with a few up to 185.00. In the Western Cornbelt, when compared to the prior week, live cash trades moved mostly 12.00 higher at 115.00 and dressed cash trades moved steady to 5.00 higher from 170.00 to 185.00.

The FCE On-Line Auction offered 4,601 head on Wednesday with 1,272 head sold @ 110.00.                                

   

Negotiated Sales:

Confirmed:          32,643

Week Ago:           15,380

Year Ago:             17,509

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:  8,000

Weighted avg. weight:       888 lbs.

Weighted avg. net price:   169.64

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)                   91,000

Week ago (est)                      82,000

Year ago (act)                      122,000

Week to Date                      266,000

Same Period Last Week    237,000

Same Period Last year      363,000

Previous Day (est)

Steers & Heifers:  65,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 465.99… -9.40

Select:  437.24… -13.73

Choice/Select Spread: 28.75

Total Load Count: 132

        

Cutter Cow Cutout:

238.80… +1.95

   

CME Feeder Cattle Index for May 12^th:

123.52… +0.41

       

Futures…

Live Cattle:

June: 93.87… -3.30

August: 98.42… -3.28

October: 101.50… -2.67

   

Feeder Cattle:

May: 125.30… -2.00

August: 133.07… -2.68

September: 134.37… -2.73

     

May Hogs: 68.00… -0.02

June Crude Oil: 25.29… -0.49

   

July Corn: 3.1825… -0.0400

July Soybeans: 8.3600… -0.1600

July Wheat: 5.0175… -0.1275

   

Grain Cash Bids:

Kansas City Corn: 3.22… -0.01

Kansas City Soybeans: 8.30… -0.12

Kansas City Wheat: 4.82… -0.13

   

Financial Markets:

DJIA: 23,247.97… -516.81

S & P 500: 2,820.00… -50.12

NASDAQ: 8,863.17… -139.38

U.S. Dollar Index: 100.21… +0.28