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May
28
2021

Texas Daily Ag Market News Summary

Posted 142 days ago ago by Administrator Account

Daily Market Summary for May 28th

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 Friday, negotiated trade in all feeding regions mostly inactive on very light demand. Not enough purchases in any region for a market trend. The latest established market in any regions was on Wednesday with live purchases in the Texas Panhandle 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. The latest established market in Colorado was last week with live and dressed purchases at 120.00 and 191.00, on a very light test.

 

Negotiated Sales:

Confirmed:                    536

Week Ago:                     357

Year Ago:                  13,153

 

Formula Net

Dressed Steers & Heifers:

Head count priced today:   23,300

Weighted avg. weight:        839 lbs.

Weighted avg. net price:     191.81

       

Cattle Slaughter under Federal Inspection:

Friday (est)                            117,000

Week ago (est)                     119,000

Year ago (act)                        110,000

Week to Date                        595,000

Same Period Last Week      591,000

Same Period Last Year        442,000

Previous Day (est)

Steers & Heifers:  97,000

Cows & Bulls:        24,000

                                                                                                              

Boxed Beef:

Cutout Values:

Choice: 330.97… +0.99

Select:  300.90… -3.20

Choice/Select Spread: 30.07

Total Load Count: 80

            

Cutter Cow Cutout:

211.27… -0.51

   

CME Feeder Cattle Index for May 27th:

136.12… -0.45 / -0.33%

1 Year Change: +5.23%

52 Week Range: 127.93 - 144.04

              

Futures Settlements…

Live Cattle:

June: 115.87… -0.48

August: 118.60… -0.82

October: 123.70… -0.47

   

Feeder Cattle:

August: 151.35… -1.50

September: 153.52… -1.30

October: 155.02… -1.23

     

June Hogs: 117.25… +1.53

June Crude Oil: 66.32… -0.53

   

July Corn: 6.5675… -0.0775

July Wheat: 6.6350… -0.1275

   

Grain Cash Bids:

Kansas City Corn: 6.79… -0.08

Kansas City Wheat: 5.88… -0.13

   

Financial Markets:

DJIA: 34,530.37… +65.73

S & P 500: 4,204.32… +3.44

NASDAQ: 13,748.74… +12.46

U.S. Dollar Index: 90.04… +0.07