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May
03
2021

Texas Daily Ag Market News Summary

Posted 167 days ago ago by Administrator Account

Daily Market Summary for May 3rd

The Daily Market News Report bought to you by The Cattle Range. Please visit their website for more information!



Slaughter Cattle:

As of 3:00 PM Monday, negotiated cash trading has been limited on light demand in Nebraska with a few live purchases from 117.50-118.00, however not enough purchases for a full market trend. Negotiated cash trading has been mostly inactive on light demand in the Western Cornbelt, and at a standstill in all other major feeding regions. Not enough purchases in any region for a full market trend. Last week in the Southern Plains live purchases traded from 118.00-119.00. In Nebraska last week, live purchases traded from 119.00-120.00 and dressed purchases traded from 190.00-191.00. Last week in Colorado live purchases traded from 119.00-120.00. In the Western Cornbelt last week live purchases traded at 119.00 and dressed purchases traded from 190.00-191.00.

  

Negotiated Sales:

Confirmed:             4,854

Week Ago:              1,446

Year Ago:                1,074

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   42.300

Weighted avg. weight:        853 lbs.

Weighted avg. net price:     191.32

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       114,000

Week ago (est)                    117,000

Year ago (act)                        78,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 299.30… +2.80

Select:  283.79… 0.74

Choice/Select Spread: 15.51

Total Load Count: 77

            

Cutter Cow Cutout:

198.13… +0.24

   

CME Feeder Cattle Index for April 30th:

132.63… -1.50

              

Futures Settlements…

Live Cattle:

June: 115.30… -1.27

August: 118.35… -0.27

October: 122.95… +0.05

   

Feeder Cattle:

May: 133.05… -0.55

August: 146.80… +0.05

September: 149.17… -0.10

     

June Hogs: 112.65… +2.93

June Crude Oil: 64.49… +0.91

   

May Corn: 7.3225… -0.0775

May Wheat: 7.2550… -0.1700

   

Grain Cash Bids:

Kansas City Corn: 7.02… +0.07

Kansas City Wheat: 6.64… -0.15

   

Financial Markets:

DJIA: 34,113.69… +234.69

S & P 500: 4,192.67… +11.46

NASDAQ: 13,895.12… -67.56

U.S. Dollar Index: 90.97… -0.31