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May
11
2021

Texas Daily Ag Market News Summary

Posted 159 days ago ago by Administrator Account

Daily Market Summary for May 11th

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 in the Southern Plains, negotiated cash trading has been mostly inactive on light demand. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light to moderate demand. In Nebraska a few dressed purchases traded at 191.00. In the Western Cornbelt a few live purchases traded at 120.00. However, not enough purchases in any of these regions for a full market trend. In Colorado negotiated cash trading has been at a standstill. 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. Last week in the Western Cornbelt live and dressed purchases traded from 117.00-119.00 and from 187.00-190.00, respectively. In Colorado for two weeks ago live purchases traded from 119.00-120.00.

  

Negotiated Sales:

Confirmed:             6,927

Week Ago:            33,003

Year Ago:                5,695

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   22,600

Weighted avg. weight:        850 lbs.

Weighted avg. net price:     192.67

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                       118,000

Week ago (est)                    121,000

Year ago (act)                        94,000

Week to Date                      230,000

Same Period Last Week    235,000

Same Period Last Year      183,000

Previous Day (est)

Steers & Heifers:  89,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 312.37… +3.26

Select:  296.34… +2.58

Choice/Select Spread: 16.03

Total Load Count: 106

            

Cutter Cow Cutout:

205.06… +2.12

   

CME Feeder Cattle Index for May 8th:

130.45… +0.30

              

Futures Settlements…

Live Cattle:

June: 118.62… +0.40

August: 122.05… +1.70

October: 126.15… +1.60

   

Feeder Cattle:

May: 135.32… -0.13

August: 148.85… +0.15

September: 150.47… +0.40

     

June Hogs: 111.17… -0.93

June Crude Oil: 65.28… +0.36

   

July Corn: 7.2225… +0.1050

July Wheat: 7.4175… +0.1125

   

Grain Cash Bids:

Kansas City Corn: 7.44… +0.10

Kansas City Wheat: 6.86… +0.07

   

Financial Markets:

DJIA: 34,270.61… -474.55

S & P 500: 4,152.10… -36.50

NASDAQ: 13,389.43… -12.43

U.S. Dollar Index: 90.14… -0.07