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May
24
2021

Texas Daily Ag Market News Summary

Posted 123 days ago ago by Administrator Account

Daily Market Summary for May 24th

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, negotiated cash trading has been mostly inactive on very light demand in Nebraska and the Western Cornbelt, not enough purchases for a full market trend. Negotiated cash trading has been at a standstill in all other major feeding regions. Last week in the Texas Panhandle live purchases traded from 119.00-120.00. In Kansas last week, live purchases traded at 119.00. In Nebraska last week live and dressed purchases traded at 120.00 and from 190.00-191.00 respectively. Last week in Colorado live and dressed purchases traded at 120.00 and 191.00 respectively, on a very light test. In the Western Cornbelt last week live and dressed purchases traded at 120.00 and from 188.00-191.00 respectively.

  

Negotiated Sales:

Confirmed:                  990

Week Ago:                1,363

Year Ago:                   None

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   47,100

Weighted avg. weight:        852 lbs.

Weighted avg. net price:     191.17

       

Cattle Slaughter under Federal Inspection:

Monday (est)                        119,000

Week ago (est)                     115,000

Year ago (act)                          6,000

Previous Day (est)

Steers & Heifers:  95,000

Cows & Bulls:        24,000

                                                                                                               

Boxed Beef:

Cutout Values:

Choice: 327.83… +2.66

Select:  303.39… +1.08

Choice/Select Spread: 22.86

Total Load Count: 99

            

Cutter Cow Cutout:

209.81… -0.36

   

CME Feeder Cattle Index for May 21st:

135.66… +0.46 / +0.34%

1 Year Change: +7.46%

52 Week Range: 126.11 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.75… -0.92

August: 120.10… -0.82

October: 124.27… -0.78

   

Feeder Cattle:

May: 136.27… -0.95

August: 154.12… +0.42

September: 155.40… +0.50

     

June Hogs: 113.35… -0.87

June Crude Oil: 66.05… +2.47

   

July Corn: 6.5725… -0.0225

July Wheat: 6.6225…-0.1200

   

Grain Cash Bids:

Kansas City Corn: 6.80… +0.02

Kansas City Wheat: 5.90… -0.09

   

Financial Markets:

DJIA: 34,393.78… +184.88

S & P 500: 4,197.16… +40.93

NASDAQ: 13,660.13… +190.00

U.S. Dollar Index: 89.83… -0.19