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May
13
2021

Texas Daily Ag Market News Summary

Posted 134 days ago ago by Administrator Account

Daily Market Summary for May 13th

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 in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been limited with light demand. In Kansas a few live purchases traded at 119.00, not enough for a full market trend. The last reported market was on Wednesday with live from 119.00-120.00. In Nebraska live purchases traded steady at 120.00, compared to the last market on Wednesday. Not enough dressed purchases for a market trend, the last reported dressed market was on Wednesday at 191.00. In the Western Cornbelt not enough purchases in any price range for a market trend. The last reported live purchase market was on Tuesday from 118.00-120.00 and dressed purchases, last week, traded from 187.00-190.00. Thus far for Thursday in the Texas Panhandle and Colorado negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. In the Texas Panhandle on Wednesday live purchases traded from 119.00-119.50. In Colorado for two weeks ago live purchases traded from 19.00-120.00.

  

Negotiated Sales:

Confirmed:             8,089

Week Ago:              6.607

Year Ago:                   259

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   28,100

Weighted avg. weight:        870 lbs.

Weighted avg. net price:     192.87

       

        

Cattle Slaughter under Federal Inspection:

Thursday (est)                     118,000

Week ago (est)                    115,000

Year ago (act)                        94,000

Week to Date                      466,000

Same Period Last Week    470,000

Same Period Last Year      372,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        27,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 316.78… +1.70

Select:  295.91… -1.25

Choice/Select Spread: 20.87

Total Load Count: 106

            

Cutter Cow Cutout:

205.53… +1.37

   

CME Feeder Cattle Index for May 12th:

131.01… +0.44 / + 0.34%

1 Year Change: +5.70%

52 Week Range: 123.95 - 144.04

              

Futures Settlements…

Live Cattle:

June: 115.60… -3.00

August: 119.40… -2.92

October: 124.05… -2.50

   

Feeder Cattle:

May: 137.45… +0.70

August: 150.50… -0.02

September: 151.97… -0.08

     

June Hogs: 110.10… -1.92

June Crude Oil: 63.82… -2.26

   

July Corn: 6.7475… -0.4000

July Wheat: 7.0150… -0.2825

   

Grain Cash Bids:

Kansas City Corn: 6.97… -0.40

Kansas City Wheat: 6.33… -0.33

   

Financial Markets:

DJIA: 34,028.98… +433.91

S & P 500: 4,112.43… +49.53

NASDAQ: 13,124.99… +93.31

U.S. Dollar Index: 90.69… -0.02