May 20 2019

Texas Daily Ag Market News Summary Posted 4 years 340 days ago by Administrator Account

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Slaughter Cattle:
As of 3:00 PM Monday, negotiated cash trade was mostly inactive on light demand in all feeding regions. The latest established market in any feeding region was last week, with live purchases in the Southern Plains from 115.00-117.00. In Nebraska last week, live purchases traded at 117.00, with dressed purchases from 185.00-186.00. For the previous week in the Western Cornbelt, live purchases traded from 116.00-118.00 with dressed purchases from 185.00-190.00.

Negotiated Sales:
Confirmed: 258 --- Week Ago: 2,346 --- Year Ago: none

Formula Net - Dressed Steers & Heifers
Head count priced today: 36,600
Weighted avg weight: 833
Weighted avg net price: 193.17

Alberta Beef Producers Daily Report: Alberta CA
Unavailable - Canadian Federal Holiday

Livestock Slaughter under Federal Inspection:
Cattle Calves Hogs Sheep
Monday (est 120,000 2,000 472,000 9,000
Week ago (est) 121,000 2,000 461,000 9,000
Year ago (act) 119,000 2,000 458,000 8,000
Previous day estimated Steers & Heifers Cows & Bulls
Friday 94,000 23,000
Saturday 49,000 10,000

Boxed Beef:
Boxed beef cutout values higher on Choice and steady on Select on moderate to fairly good demand and heavy offerings. Select and Choice rib, chuck, and round cuts steady to firm. Choice loin cuts firm while Select weak. Beef trimmings unevenly steady on light demand and offerings.

Cutout Values... Choice Select
Current Cutout Values: 221.45 208.03
Change from prior day: +1.14 -0.25
Choice/Select spread: 13.42
Total Load Count (Cuts, Trimmings, Grinds): 110

Cutter Cow Cutout: 173.08… +1.33

CME Feeder Cattle Index: 132.76

Futures…
Live Cattle:
June: 111.35… +0.08
August: 108.52… -0.40
October: 108.50… -0.40
Feeder Cattle:
August: 144.77… -0.73
September: 145.87… -0.83
October: 146.70… -0.62
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June Hogs: 91.75… -0.62
June Crude Oil: 63.10… +0.34
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July Corn: 3.8900… +0.0575
July Soybeans: 8.3175… -0.1000
July Wheat: 4.7825… -0.1325
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Cotton (www.ams.usda.gov)
July Cotton: 67.91… +1.92
Milk (www.cmegroup.com)
May Class III Milk: 16.29… -0.01
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Grain Cash Bids:
Kansas City Corn: 3.84… +0.06
Kansas City Soybeans: 7.84… +0.10
Kansas City Wheat: 4.58… +0.13
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Financial Markets:
Dow Jones Industrial Average: 25,679.90… -84.10
S & P 500: 2,840.23… -19.30
NASDAQ: 7,702.38… -113.90
U.S. Dollar Index: 97.95… -0.04