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May
14
2021

Texas Daily Ag Market News Summary

Posted 133 days ago ago by Administrator Account

Daily Market Summary for May 14th

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 in the Northern Plains and Western Cornbelt has been mostly inactive on light demand. Not enough purchases in these regions for a market trend. In Nebraska live purchases traded at 120.00 on Thursday and dressed purchases traded at 191.00 on Wednesday. In the Western Cornbelt live purchases traded from 118.00120.00 on Tuesday and dressed purchases traded from 187.00-190.00 last week. In Colorado the last reported market was two weeks ago with live purchases from 119.00-120.00. So far for Friday in the Southern Plains negotiated cash trading has been at a standstill. In the Texas Panhandle on Wednesday live purchases traded from 119.00-119.50. In Kansas on Wednesday with live purchases trading from 119.00-120.00.

  

Negotiated Sales:

Confirmed:             3,658

Week Ago:              1,229

Year Ago:              11,392

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   20,900

Weighted avg. weight:        849 lbs.

Weighted avg. net price:     190.58

       

Cattle Slaughter under Federal Inspection:

Friday (est)                           115,000

Week ago (est)                    111,000

Year ago (act)                        94,000

Week to Date                      578,000

Same Period Last Week    581,000

Same Period Last Year      466,000

Previous Day (est)

Steers & Heifers:  90,000

Cows & Bulls:        25,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 316.94… +0.16

Select:  293.19… -2.72

Choice/Select Spread: 23.75

Total Load Count: 107

            

Cutter Cow Cutout:

205.16… -0.37

   

CME Feeder Cattle Index for May 13th:

131.73… +0.55 / + 0.34%

1 Year Change: +5.55%

52 Week Range: 124.80 - 144.04

              

Futures Settlements…

Live Cattle:

June: 115.30… -0.30

August: 118.82… -0.58

October: 123.25… -0.80

   

Feeder Cattle:

May: 137.55… +0.10

August: 151.15… +0.65

September: 152.67… +0.70

     

June Hogs: 108.72… -1.38

June Crude Oil: 65.37… +1.55

   

July Corn: 6.4375… -0.3100

July Wheat: 7.0725… +0.0575

   

Grain Cash Bids:

Kansas City Corn: 6.66… -0.31

Kansas City Wheat: 6.33… Unchanged

   

Financial Markets:

DJIA: 34,380.75… +359.77

S & P 500: 4,173.54… +61.11

NASDAQ: 13,387.52… +278.37

U.S. Dollar Index: 90.33… -0.42