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May
27
2021

Texas Daily Ag Market News Summary

Posted 143 days ago ago by Administrator Account

Daily Market Summary for May 27th

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 Thursday in the Southern Plains, Nebraska, and Western Cornbelt, negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in any region for a market trend. Wednesday was the last reported markets in these regions. In the Texas Panhandle live purchases traded from 116.00-120.00. In Kansas live purchases traded from 119.00-120.00. In Nebraska live and dressed purchases traded at 120.00 and 191.00, respectively. In the Western Cornbelt live and dressed purchases traded at 120.00 and from 189.00-191.00, respectively. So far for Thursday in Colorado negotiated cash trading has been at a standstill. Last week live and dressed purchases traded at 120.00 and 191.00, respectively, on a very light test.

 

Negotiated Sales:

Confirmed:                1,991

Week Ago:               14,153

Year Ago:                  8,859

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   25,500

Weighted avg. weight:        847 lbs.

Weighted avg. net price:     194.83

       

Cattle Slaughter under Federal Inspection:

Thursday (est)                      121,000

Week ago (est)                     119,000

Year ago (act)                        109,000

Week to Date                       478,000

Same Period Last Week      472,000

Same Period Last Year        332,000

Previous Day (est)

Steers & Heifers:  93,000

Cows & Bulls:        27,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 329.98... +0.49

Select:  304.10... +0.05

Choice/Select Spread: 25.88

Total Load Count: 102

            

Cutter Cow Cutout:

211.78… +1.27

   

CME Feeder Cattle Index for May 26th:

136.57… +0.22 / +0.16%

1 Year Change: +7.52%

52 Week Range: 127.02 - 144.04

              

Futures Settlements…

Live Cattle:

June: 116.35… -0.10

August: 119.42… +0.10

October: 124.17… +0.10

   

Feeder Cattle:

May: 136.30… -0.20

August: 152.85… -2.35

September: 154.82… -2.28

      

June Hogs: 115.72… +0.45

June Crude Oil: 66.85… +0.64

   

July Corn: 6.6450… +0.4000

July Wheat: 6.7625… +0.2775

   

Grain Cash Bids:

Kansas City Corn: 6.87… +0.40

Kansas City Wheat: 6.01… +0.27

   

Financial Markets:

DJIA: 34,464.64… +141.59

S & P 500: 4,200.88… +4.62

NASDAQ: 13,736.28… -1.62

U.S. Dollar Index: 89.97… -0.07