Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 184.00. Last week in Kansas live FOB purchases traded from 183.00-185.00, with a few up to 187.00. Last week in Nebraska live FOB purchases traded from 186.00-187.00 and dressed delivered purchases from 295.00-296.00. In the Western Cornbelt negotiated cash purchases have been mostly inactive on very light demand. Last week, live FOB purchases traded from 185.00-187.00, mostly at 187.00, with a few up to 188.00, and dressed delivered purchases at 295.00, with a few up to 296.00.

Negotiated Sales:

Confirmed:            162

Week Ago:             199

Year Ago:               326

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,400

Weighted avg. weight:        883.00

Weighted avg. net price:     293.44

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Cattle Slaughter under Federal Inspection

Monday              116,000

Week Ago           120,000

Year Ago             124,964

Week to Date     116,000

Last Week           120,000

Last Year             124,964

Monday

Steers & Heifers:     97,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 298.95… +4.38

Select:  251.35… +3.01

Choice/Select Spread: 11.77

Total Load Count: 113

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Cutter Cow Cutout:

272.18… +1.46

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CME Feeder Cattle Index for May 10th:

241.36… +0.75 / +0.31%

1 Year Change: +19.42%

52 Week Range: 202.07 to 254.09

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Futures Settlements:

Live Cattle:

June: 175.57… -0.58

August: 173.40… -0.72

Oct: 176.82… -0.60

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Feeder Cattle:

May: 239.37… +0.57

August: 251.35… +0.45

September: 252.22… +0.25

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June Lean Hogs: 97.47… -0.90

June Crude Oil: 79.15… +0.89

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July Corn: 4.7250… +0.0275

July Wheat: 6.8700… +0.2350

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Grain Cash Bids:

Omaha Corn: 4.62… +0.05

Kansas City Wheat: 6.45… +0.27

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Financial Markets:

DJIA: 39,431.64… -80.68

S & P 500: 5,221.41… -1.25

NASDAQ: 16,388.24… +47.37

U.S. Dollar Index: 105.24… +0.06

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