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May
06
2021

Texas Daily Ag Market News Summary

Posted 164 days ago ago by Administrator Account

Daily Market Summary for May 6th

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 Thursday, negotiated cash trading has been slow on light demand in Kansas with live purchases steady with the last reported market on Wednesday at 119.00. Negotiated cash trading has been limited on light demand in all other major feeding regions with a few live purchases in the Texas Panhandle at 119.00, however not enough purchases for a full market trend. On Wednesday in the Texas Panhandle live purchases traded from 117.50-119.00. 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:             6,607

Week Ago:              5,390

Year Ago:                2,318

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   24,800

Weighted avg. weight:        858 lbs.

Weighted avg. net price:     194.53

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                     115,000

Week ago (est)                    119,000

Year ago (act)                        90,000

Week to Date                      470,000

Same Period Last Week    477,000

Same Period Last Year      340,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 306.37… +1.59

Select:  289.36… +3.18

Choice/Select Spread: 17.01

Total Load Count: 100

            

Cutter Cow Cutout:

201.55… +1.52

   

CME Feeder Cattle Index for May 5th:

131.56… -0.99

              

Futures Settlements…

Live Cattle:

June: 115.47… +1.05

August: 118.47… +0.75

October: 123.47… +0.37

   

Feeder Cattle:

May: 130.47… -1.00

August: 143.40… -1.82

September: 145.55… -1.92

     

June Hogs: 114.47… +0.05

June Crude Oil: 64.71… -0.92

   

May Corn: 7.5950… +0.0625

May Wheat: 7.6425… +0.0850

   

Grain Cash Bids:

Kansas City Corn: 7.42… +0.11

Kansas City Wheat: 7.03… +0.11

   

Financial Markets:

DJIA: 34,538.07… +308.05

S & P 500: 4,201.63… +33.76

NASDAQ: 13,632.64… +50.18

U.S. Dollar Index: 90.90… -0.41