May 20 2020

Texas Daily Ag Market News Summary Posted 3 years 347 days ago by Administrator Account

Daily Market Summary for May 20^th

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Slaughter Cattle:

As of 3:00 PM Wednesday, trade was light to moderate on moderate demand in all feeding regions. Compared to last week in the Southern Plains, live purchases traded steady to 10.00 higher at 120.00. In Nebraska compared to the bulk last week, a few live purchases traded mostly 10.00 higher from 119.00-120.00, bulk a 120.00. Dressed purchases compared to the bulk of last week traded steady to 10.00 higher from 175.00-190.00, bulk from 180.00-190.00. In the Western Cornbelt a few dressed purchases traded steady to 10.00 higher compared to the bulk of Monday from 175.00-190.00, bulk at 190.00. A few live purchases traded from 114.00-115.00, however not enough for an adequate market test.                            

   

Negotiated Sales:

Confirmed:            24,452

Week Ago:             32,643

Year Ago:               35,522

      

Formula Net

Dressed Steers & Heifers:

Head count priced today:    7,900

Weighted avg. weight:       877 lbs.

Weighted avg. net price:    179.86

        

Cattle Slaughter under Federal Inspection:

Wednesday (est)               101,000

Week ago (est)                    91,000

Year ago (act)                    121,000

Week to Date                    294,000

Same Period Last Week   266,000

Same Period Last year     362,000

Previous Day (est)

Steers & Heifers:  76,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 404.04… -5.43

Select:  391.18… +2.31

Choice/Select Spread: 12.86

Total Load Count: 155

        

Cutter Cow Cutout:

242.07… +4.12

   

CME Feeder Cattle Index for May 19^th:

126.89… +0.01

       

Futures…

Live Cattle:

June: 98.40… -0.37

August: 97.62… -1.45

October: 99.62… -1.50

   

Feeder Cattle:

May: 126.00… -1.42

August: 129.00… -2.92

September: 130.50… -2.82

     

July Hogs: 56.87… +0.22

July Crude Oil: 33.49… +1.53

   

July Corn: 3.1950… -0.0175

July Soybeans: 8.4675… +0.0425

July Wheat: 5.1375… +0.1500

   

Grain Cash Bids:

Kansas City Corn: 3.25… -0.03

Kansas City Soybeans: 8.37… +0.06

Kansas City Wheat: 4.94… +0.15

   

Financial Markets:

DJIA: 24,575.90… +369.04

S & P 500: 2,971.61… +48.67

NASDAQ: 9,375.78… +190.68

U.S. Dollar Index: 99.16… -0.21