Summary for Monday, May 22nd:
Slaughter Cattle: Monday negotiated cash trading has been at a standstill in all major feeding regions. Last week in the Texas Panhandle live purchases were at 134.00. In Kansas live trades were from 133.00-134.00. In Nebraska for the prior week saw live purchases from 135.00-135.50 and dressed from 210.00-215.00. In Colorado live trades were at 135.00. For the previous week in the Western Cornbelt live purchases were at 134.00 and dressed were from 210.00-215.00.
Negotiated Sales: Confirmed: 214 Week Ago: 33 Year Ago: 679
Prices - Slaughter Steers & Heifers:
Net - Dressed
Alberta Beef Producers Daily Report: Not available - Canadian Holiday
under Federal Inspection:
Beef: Boxed beef cutout values firm to higher on moderate
to fairly good demand and light to moderate offerings. Select and Choice
round and loin cuts steady while chuck cuts firm to higher. Choice rib
cuts weak while Select firm. Beef trimmings mostly moderately
Cattle Futures Summary: Live cattle futures ended the day higher with October leading the day $1.725. Feeder cattle futures were up as much as $2.70 on Monday. The CME feeder cattle index was at $142.88 on May 19, down 98 cents from the previous day.Wholesale beef prices were both higher in the afternoon report, with choice boxes 74 cents higher, averaging $247.88, and select up $1.41, averaging $222.83. Estimated FI slaughter on Monday was 114,000 head, down 1,000 head from the previous week and 5,000 head larger than the same week last year. The Cold Storage report showed April beef stocks lowering 1.19% from March to 458.46 million pounds which was down 2% from the year before.
June Live Cattle Futures: 123.92...+0.47
August Live Cattle Futures: 122.02...+0.97
October Live Cattle Futures: 118.40...+1.73
May Feeder Cattle Futures: 144.25...+0.90
August Feeder Cattle Futures: 152.77...+2.32
Sept Feeder Cattle Futures: 152.65...+2.43
Feeder Cattle Index: 142.98...-0.88
July Lean Hog Futures: 79.35...-0.15
National Grain Market Summary: Compared to Friday, Wheat and Soybeans traded mixed, Corn and Sorghum traded higher. With more rain in the forecast for the Midwest US it is unclear how many acres of corn will be put into the ground as final planting dates approach. Even though planting estimates recently released show corn and soybeans on par with the 5 year average, this doesn’t take into account fields that need to be replanted because of flood damage. The USDA stated 45 million bushels of corn and 12.8 million bushels of soybeans were inspected for export last week. This puts inspections 52% higher than this time last year
Kansas City Corn: 3.65...+0.03
Kansas City Soybeans: 9.36...-0.02
Kansas City Wheat: 3.98...Unchanged
July Corn Futures: 3.7500...+0.0250
July Soybean Futures: 9.5650...+0.0350
July Wheat Futures: 4.3425...-0.0100
Nearby Crude Oil Futures Contract: 50.73...-0.40
Dow Jones Industrial Average: 20,894.63...+89.79
U.S. Dollar Index: 96.99...-0.15
National Stockyards - Oklahoma City OK...
Regional Stockyards Feeder Cattle Auction - Carthage MO...
Wtd Avg Cattle (Fri) - Apache OK...
Green Livestock Auction - Bowling Green MO...
Flat Livestock Auction - Ash Flat AR...
Livestock Auction - Springdale AR...
Livestock Auction - Belen NM...
County Commission - Carthage TN...
Livestock Commission - Torrington WY...
Pierre Livestock Wtd Avg Report - Ft. Pierre SD...
Although all information
is from sources believed to be accurate ? timely,