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May
04
2021

Texas Daily Ag Market News Summary

Posted 166 days ago ago by Administrator Account

Daily Market Summary for May 4th

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 Tuesday, negotiated cash trading in Nebraska has been light to moderate on moderate demand with live purchases steady to 0.50 higher at 118.00 compared to the last reported live market on Monday, and dressed purchases 1.00 to 2.00 lower from 188.00-190.00 compared to last week. In the Western Cornbelt negotiated cash trading has been light to moderate on moderate demand with live purchases steady to 3.00 lower compared to last week from 117.00-119.00, and a few dressed purchases from 187.00-190.00, however not enough dressed purchases for a full market trend. Last week in the Western Cornbelt dressed purchases traded from 190.00-191.00. Negotiated cash trading in the Southern Plains and Colorado has been limited on light demand, not enough purchases for a full market trend. Last week in the Southern Plains live purchases traded from 118.00-119.00. In Colorado last week, live purchases traded from 119.00-120.00.

  

Negotiated Sales:

Confirmed:           33,209

Week Ago:                 787

Year Ago:                5,968

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   20,600

Weighted avg. weight:        867 lbs.

Weighted avg. net price:     196.26

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       121,000

Week ago (est)                    121,000

Year ago (act)                        85,000

Week to Date                      235,000

Same Period Last Week    238,000

Same Period Last Year      163,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 301.22… +1.92

Select:  283.91… +0.12

Choice/Select Spread: 17.31

Total Load Count: 130

            

Cutter Cow Cutout:

199.33… +1.20

   

CME Feeder Cattle Index for May 3rd:

132.76… +0.13

              

Futures Settlements…

Live Cattle:

June: 113.02… -2.28

August: 116.62… -1.73

October: 121.75… -1.20

   

Feeder Cattle:

May: 129.75… -3.30

August: 143.17… -3.63

September: 145.60… -3.57

     

June Hogs: 113.55… +0.90

June Crude Oil: 65.69… +1.20

   

May Corn: 7.4475… +0.1250

May Wheat: 7.3700… +0.1150

   

Grain Cash Bids:

Kansas City Corn: 7.19… +0.17

Kansas City Wheat: 6.74… +0.10

   

Financial Markets:

DJIA: 34,135.34… +21.65

S & P 500: 4,165.05… -27.62

NASDAQ: 13,633.50… -261.62

U.S. Dollar Index: 91.29… +0.34