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May
19
2021

Texas Daily Ag Market News Summary

Posted 151 days ago ago by Administrator Account

Daily Market Summary for May 19th

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 Kansas, Nebraska and Western Cornbelt negotiated cash trading has been slow on light to moderate demand. In Kansas compared to the last reported market on Tuesday live purchases traded steady at 119.00. In Nebraska compared to the last reported live purchase market on Tuesday live traded steady at 120.00. A few dressed purchases traded at 191.00, not enough for a full market trend. The last dressed market was on Tuesday with trades from 190.00-191.00. In the Western Cornbelt a few dressed purchases traded at 191.00, not enough for a full market trend. For the previous week in the Western Cornbelt live and dressed purchases traded at mostly 120.00 and from 188.00-191.00, respectively. Thus far for Wednesday in the Texas Panhandle and Colorado negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. In the Texas Panhandle the last reported market was on Tuesday with live purchases from 119.00-120.00. Last week in Colorado live purchases traded at 120.00.

 

Negotiated Sales:

Confirmed:           16,642

Week Ago:            20,153

Year Ago:              32,643

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:  17,100

Weighted avg. weight:       842 lbs.

Weighted avg. net price:    192.20

      

Cattle Slaughter under Federal Inspection:

Wednesday (est)                118,000

Week ago (est)                   118,000

Year ago (act)                     104,000

Week to Date                     353,000

Same Period Last Week   348,000

Same Period Last Year     307,000

Previous Day (est)

Steers & Heifers: 94,000

Cows & Bulls:       26,000

                                                                                                             

Boxed Beef:

Cutout Values:

Choice: 323.38… +0.04

Select: 299.69… +0.64

Choice/Select Spread: 23.69

Total Load Count: 122

           

Cutter Cow Cutout:

209.00… +1.26

  

CME Feeder Cattle Index for May 18th:

133.80… +0.10 / +0.07%

1 Year Change: +5.45%

52 Week Range: 126.11 - 144.04

             

Futures Settlements…

Live Cattle:

June: 116.90… +0.15

August: 120.12… +0.40

October: 124.62… +0.10

   

Feeder Cattle:

May: 136.57… -0.63

August: 152.87… +0.95

September: 154.27… +0.75

    

June Hogs: 110.95… +0.30

June Crude Oil: 63.36… -2.13

  

July Corn: 6.5825… Unchanged

July Wheat: 6.7925… -0.1875

  

Grain Cash Bids:

Kansas City Corn: 6.80… Unchanged

Kansas City Wheat: 6.09… -0.14

  

Financial Markets:

DJIA: 34,060.53

S & P 500: 4,127.74

NASDAQ: 13,303.64

U.S. Dollar Index: 89.77