May 03 2021

Texas Daily Ag Market News Summary Posted 2 years 351 days ago by Administrator Account

Daily Market Summary for May 3^rd

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 30^th:

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