Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in the Southern Plains, Nebraska and the Western Cornbelt, negotiated cash trade was 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 Last week in the Western Cornbelt, 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:              74

Week Ago:             346

Year Ago:           2,240

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,500

Weighted avg. weight:        896.00

Weighted avg. net price:     295.38

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Cattle Slaughter under Federal Inspection

Tuesday              123,000

Week Ago           124,000

Year Ago             126,993

Week to Date     239,000

Last Week           244,000

Last Year             251,957

Monday

Steers & Heifers:      95,000

Cows & Bulls:            21,000

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Boxed Beef:

Cutout Values:

Choice: 304.39... +5.44

Select:  293.82... +6.64

Choice/Select Spread: 10.57

Total Load Count: 121

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Cutter Cow Cutout:

271.69… -0.49

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CME Feeder Cattle Index for May 13th:

241.75… +0.39 / +0.16%

1 Year Change: +19.61%

52 Week Range: 202.07 to 254.09

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Futures Settlements:

Live Cattle:

June: 178.17… +2.60

August: 176.12… +2.72

Oct: 179.35… +2.53

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Feeder Cattle:

May: 243.27… +3.90

August: 255.67… +4.32

September: 256.62… +4.40

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June Lean Hogs: 98.32… +0.85

June Crude Oil: 78.08… -1.04

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July Corn: 4.6750… -0.0500

July Wheat: 6.7250… -0.1450

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Grain Cash Bids:

Omaha Corn: 4.58… -0.05

Kansas City Wheat: 6.28… -0.17

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Financial Markets:

DJIA: 39,557.45… +125.81

S & P 500: 5,246.56… +25.15

NASDAQ: 16,511.18… +122.94

U.S. Dollar Index: 104.99… -0.23