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May
10
2021

Texas Daily Ag Market News Summary

Posted 160 days ago ago by Administrator Account

Daily Market Summary for May 10th

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 at a standstill in the Southern and Northern Plains. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. Last week in the Texas Panhandle live purchases traded from 117.50-119.00. In Kansas live purchases traded at 119.00. For the prior week in Nebraska live and dressed purchases traded at 118.00 and from 188.00-190.00, respectively. In Colorado for two weeks ago live purchases traded from 119.00-120.00. Last week in the Western Cornbelt live and dressed purchases traded from 117.00-119.00 and from 187.00-190.00, respectively.

  

Negotiated Sales:

Confirmed:                806

Week Ago:              4,854

Year Ago:                1,074

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   40,300

Weighted avg. weight:        855 lbs.

Weighted avg. net price:     190.05

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       119,000

Week ago (est)                    114,000

Year ago (act)                        89,000

Previous Day (est)

Steers & Heifers:  86,000

Cows & Bulls:        25,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 309.11… +3.23

Select:  293.76… +3.49

Choice/Select Spread: 15.35

Total Load Count: 71

            

Cutter Cow Cutout:

202.94… -0.29

   

CME Feeder Cattle Index for May 7th:

130.15… -0.68

              

Futures Settlements…

Live Cattle:

June: 118.22… +2.20

August: 120.35… +1.50

October: 124.55… +1.10

   

Feeder Cattle:

May: 135.45… +3.73

August: 148.70… +4.43

September: 150.07… +4.02

      

June Hogs: 112.10… -0.75

June Crude Oil: 64.90

   

July Corn: 7.1175… -0.2050

July Wheat: 7.3050… -0.3125

   

Grain Cash Bids:

Kansas City Corn: 7.34… -0.20

Kansas City Wheat: 6.79… -0.33

   

Financial Markets:

DJIA: 34,745.16… -31.28

S & P 500: 4,188.60… -43.83

NASDAQ: 13,401.86… -350.38

U.S. Dollar Index: 90.21… -0.02