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May
05
2021

Texas Daily Ag Market News Summary

Posted 142 days ago ago by Administrator Account

Daily Market Summary for May 5th

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 Wednesday, negotiated cash trading has been limited on light demand in the Southern Plains, Nebraska, and the Western Cornbelt. Not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in Colorado. Last week in the Southern Plains live purchases traded from 118.00-119.00. On Tuesday in Nebraska live purchases traded at 118.00 and dressed purchases traded from 188.00-190.00. In Colorado last week, live purchases traded from 119.00-120.00. In the Western Cornbelt on Tuesday live purchases traded from 118.00-119.00 and dressed purchases traded from 187.00-190.00.

  

Negotiated Sales:

Confirmed:             4,946

Week Ago:            38,755

Year Ago:              15,380

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   20,000

Weighted avg. weight:        850 lbs.

Weighted avg. net price:     193.30

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 120,000

Week ago (est)                    120,000

Year ago (act)                        87,000

Week to Date                      355,000

Same Period Last Week    358,000

Same Period Last Year      250,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        26,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 304.78… +3.56

Select:  286.18… +2.27

Choice/Select Spread: 18.60

Total Load Count: 121

            

Cutter Cow Cutout:

200.03… +0.70

   

CME Feeder Cattle Index for May 4th:

132.55… -0.21

              

Futures Settlements…

Live Cattle:

June: 114.42… +1.40

August: 117.72… +1.10

October: 123.10… +1.35

   

Feeder Cattle:

May: 131.47… +1.72

August: 145.22… +2.05

September: 147.47… +1.87

     

June Hogs: 114.42… +0.87

June Crude Oil: 65.63… -0.06

   

May Corn: 7.5325… +0.0850

May Wheat: 7.5575… +0.1875

   

Grain Cash Bids:

Kansas City Corn: 7.30… +0.11

Kansas City Wheat: 6.91… +0.17

   

Financial Markets:

DJIA: 34,230.02… +94.68

S & P 500: 4,167.87… +2.82

NASDAQ: 13,582.46… -51.04

U.S. Dollar Index: 91.28… -0.01