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May
17
2021

Texas Daily Ag Market News Summary

Posted 130 days ago ago by Administrator Account

Daily Market Summary for May 17th

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 in Kansas and Western Cornbelt, negotiated cash trading has been mostly inactive with very light demand. Not enough purchases in these regions for a market trend. In the Texas Panhandle and Northern Plains negotiated cash trading has been at a standstill. Last week in the Texas Panhandle live purchases traded from 119.00-119.50. In Kansas last week live purchases traded from 119.00-120.00. For the prior week in Nebraska live and dressed purchases from 120.00-121.00 and at 191.00, respectively. Last week in Colorado live purchases traded at 120.00. For the previous week in the Western Cornbelt live and dressed purchases traded at mostly 120.00 and from 188.00-191.00, respectively.

  

Negotiated Sales:

Confirmed:             1,363

Week Ago:                 806

Year Ago:               1,349

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   45,900

Weighted avg. weight:        859 lbs.

Weighted avg. net price:     189.86

       

Cattle Slaughter under Federal Inspection:

Monday (est)                       115,000

Week ago (est)                    112,000

Year ago (act)                        98,000

Previous Day (est)

Steers & Heifers:  91,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 319.62… +2.68

Select:  296.89… +3.70

Choice/Select Spread: 22.73

Total Load Count: 85

            

Cutter Cow Cutout:

207.01… +1.85

   

CME Feeder Cattle Index for May 14th:

133.90… +2.17 / + 1.65%

1 Year Change: +5.50%

52 Week Range: 126.11 - 144.04

              

Futures Settlements…

Live Cattle:

June: 115.35… +0.05

August: 118.42... -0.40

October: 123.40… +0.15

   

Feeder Cattle:

May: 137.92… +0.37

August: 152.75… +1.60

September: 154.22… +1.55

     

June Hogs: 108.65… -0.07

June Crude Oil: 66.27… +0.90

   

July Corn: 6.5250… +0.0875

July Wheat: 6.9975… -0.0750

   

Grain Cash Bids:

Kansas City Corn: 6.75… +0.09

Kansas City Wheat: 6.26… -0.07

   

Financial Markets:

DJIA: 34,327.79… -52.96

S & P 500: 4,163.63… -9.91

NASDAQ: 13,312.14… -75.38

U.S. Dollar Index: 90.17… -0.15