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May
12
2021

Texas Daily Ag Market News Summary

Posted 135 days ago ago by Administrator Account

Daily Market Summary for May 12th

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 in the Southern Plains, negotiated cash trading has been slow on light demand. In the Texas Panhandle, compared to last week, live purchases traded steady to 1.50 higher mostly at 119.00. In Kansas a few live purchases traded at 120.00. However, not enough for a full market trend. Last week live purchases traded at 119.00. So far for Wednesday in Nebraska negotiated cash trading has been limited on light demand. A few live purchases traded at 120.00, not enough for a full market trend. Last week live traded at 118.00. Dressed purchases traded steady with Tuesday at 191.00. Thus far for Wednesday in Colorado and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases in these regions for a market trend. In the Western Cornbelt, on Tuesday, live purchases traded from 118.00-120.00, and last week dressed purchases traded from 187.00-190.00. In Colorado for two weeks ago live purchases traded from 119.00-120.00.

  

Negotiated Sales:

Confirmed:           20,153

Week Ago:              4,946

Year Ago:              15,380

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   13,200

Weighted avg. weight:        860 lbs.

Weighted avg. net price:     193.23

       

Cattle Slaughter under Federal Inspection:

Wednesday (est)                 118,000

Week ago (est)                    120,000

Year ago (act)                        95,000

Week to Date                      348,000

Same Period Last Week    355,000

Same Period Last Year      278,000

Previous Day (est)

Steers & Heifers:  92,000

Cows & Bulls:        26,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 315.08… +2.71

Select:  297.16… +0.82

Choice/Select Spread: 17.92

Total Load Count: 98

            

Cutter Cow Cutout:

204.16… -0.90

   

CME Feeder Cattle Index for May 11th:

130.45… +0.12 / + 0.09%

1 Year Change: +5.71%

52 Week Range: 123.52 - 144.04

              

Futures Settlements…

Live Cattle:

June: 118.60… -0.02

August: 122.32… +0.27

October: 126.55… +0.40

   

Feeder Cattle:

May: 136.75… +1.43

August: 150.52… +1.67

September: 152.05… +1.58

     

June Hogs: 112.02… +0.85

June Crude Oil: 66.08… +0.80

   

July Corn: 7.1475… -0.0750

July Wheat: 7.2975… -0.1200

   

Grain Cash Bids:

Kansas City Corn: 7.37… -0.07

Kansas City Wheat: 6.66… -0.20

   

Financial Markets:

DJIA: 33,587.07… -683.54

S & P 500: 4,062.90… -89.20

NASDAQ: 13,031.68… -375.57

U.S. Dollar Index: 90.77… +0.63