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May
23
2023

Texas Daily Ag Market News Summary

Posted 338 days ago by Administrator Account

Daily Market Summary for May 23rd

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

Fed Cattle: As of 3:00 PM Tuesday, negotiated cash trading has been inactive with very light demand in the Southern Plains and Western Cornbelt. In Nebraska negotiated cash trading has been limited very light demand. Not enough purchases for a market trend. The latest established market was last week in all regions. In the Southern Plains live purchases traded at 170.00. In Nebraska live and dressed purchases traded at 178.00 and from 280.00-282.00, respectively. In the Western Cornbelt live and dressed purchases traded from 177.00-180.00 and from 280.00-282.00, respectively.

Negotiated Sales:

Confirmed: 2,240

Week Ago: 436

Year Ago: 15,818

Formula Net - Dressed Steers & Heifers:

Head count priced today: 33,500

Weighted avg. weight: 851.00

Weighted avg. net price: 280.46

Cattle Slaughter under Federal Inspection

Tuesday 126,000

Week Ago 127,000

Year Ago 126,000

Week to Date 251,000

Last Week 253,000

Last Year 251,000

Monday

Steers & Heifers: 99,000

Cows & Bulls: 26,000

Boxed Beef:

Cutout Values:

Choice: 300.74… -3.16

Select: 281.28… -2.15

Choice/Select Spread: 19.46

Total Load Count: 126

Cutter Cow Cutout:

224.18… +0.90

CME Feeder Cattle Index for May 22nd:

206.76… +2.06 / +1.01%

1 Year Change: +35.39%

52 Week Range: 152.72 to 206.76

Futures Settlements…

Live Cattle:

June: 164.27… -0.70

August: 162.57… -1.03

October: 167.17… -0.98

Feeder Cattle:

May: 207.80… +1.23

August: 233.47… -1.43

September: 236.75… 1.10

June Lean Hogs: 80.67… -1.15

July Crude Oil: 72.91… -0.86

July Corn: 5.7750… +0.0650

July Wheat: 6.2225… +0.1600

Grain Cash Bids:

Omaha Corn: 6.48… +0.06

Kansas City Wheat: 8.12… +0.16

Financial Markets:

DJIA: 33,055.57… -230.87

S & P 500: 4,145.67… -47.01

NASDAQ: 12,560.25… -160.53

U.S. Dollar Index: 103.55… +0.35

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