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May
25
2021

Texas Daily Ag Market News Summary

Posted 145 days ago ago by Administrator Account

Daily Market Summary for May 25th

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 Tuesday, negotiated cash trading has been slow on light demand in the Southern Plains, Nebraska, and the Western Cornbelt. A few early live purchases traded at 120.00 in the Texas Panhandle and from 119.00-120.00 in Kansas. In Nebraska, a few early live and dressed purchases have traded at 120.00 and 191.00 respectively. In the Western Cornbelt, a few early live purchases have traded at 118.00. Not enough purchases in any of these regions for a full market trend. Negotiated cash trading in Colorado has been at a standstill. 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:              23,915

Week Ago:               13,575

Year Ago:                 10,428

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   17,000

Weighted avg. weight:        837 lbs.

Weighted avg. net price:     193.25

       

Cattle Slaughter under Federal Inspection:

Tuesday (est)                        121,000

Week ago (est)                     120,000

Year ago (act)                        107,000

Week to Date                       237,000

Same Period Last Week     235,000

Same Period Last Year        113,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        23,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 329.92… +2.09

Select:  304.26… +0.87

Choice/Select Spread: 25.66

Total Load Count: 93

            

Cutter Cow Cutout:

209.66… -0.15

   

CME Feeder Cattle Index for May 24th:

136.31… +0.65 / +0.48%

1 Year Change: +7.81%

52 Week Range: 126.11 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.72… -0.03

August: 120.10… Unchanged

October: 124.52… +0.25

   

Feeder Cattle:

May: 136.62… +0.35

August: 156.67… +2.55

September: 157.92… +2.52

     

June Hogs: 115.25… +1.90

June Crude Oil: 66.07… +0.02

   

July Corn: 6.2025… -0.3700

July Wheat: 6.5650… -0.0575

   

Grain Cash Bids:

Kansas City Corn: 6.42… -0.38

Kansas City Wheat: 5.80… -0.10

   

Financial Markets:

DJIA: 34,311.73… -82.05

S & P 500: 4,188.17… -8.99

NASDAQ: 13,657.17… -2.96

U.S. Dollar Index: 89.69… -0.15