(800)-Tell-TDA
835-5832
May
07
2021

Texas Daily Ag Market News Summary

Posted 163 days ago ago by Administrator Account

Daily Market Summary for May 7th

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 Friday, negotiated cash trading has been mostly inactive on very light demand in Kansas, not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. On Wednesday in the Southern Plains live purchases traded from 117.50-119.00 in the Texas Panhandle and at 119.00 in Kansas. On Tuesday in Nebraska live purchases traded at 118.00 and dressed purchases traded from 188.00-190.00. The last reported market In Colorado was last week with live purchases 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:             1,229

Week Ago:              2,600

Year Ago:              11,392

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   26,700

Weighted avg. weight:        842 lbs.

Weighted avg. net price:     190.94

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           111,000

Week ago (est)                    115,000

Year ago (act)                        89,000

Week to Date                      581,000

Same Period Last Week    592,000

Same Period Last Year      429,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 305.88… -0.49

Select:  290.27… +0.91

Choice/Select Spread: 15.61

Total Load Count: 64

            

Cutter Cow Cutout:

203.23… +1.68

   

CME Feeder Cattle Index for May 6th:

130.83… -0.73

              

Futures Settlements…

Live Cattle:

June: 116.02… +0.55

August: 118.85… +0.38

October: 123.45… -0.02

   

Feeder Cattle:

May: 131.72… +1.25

August: 144.27… +0.87

September: 146.05… +0.50

     

June Hogs: 112.85… -1.62

June Crude Oil: 64.90… +0.19

   

May Corn: 7.7275… +0.1325

May Wheat: 7.7350… +0.0925

   

Grain Cash Bids:

Kansas City Corn: 7.54… +0.12

Kansas City Wheat: 7.12… +0.09

   

Financial Markets:

DJIA: 34,776.44… +238.37

S & P 500: 4,232.43… +30.80

NASDAQ: 13,752.24… +119.60

U.S. Dollar Index: 90.20… -0.75