Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains and Nebraska, negotiated cash trading 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 trading has been limited on light demand. A very few live FOB purchases traded from 186.00-190.00 and a very few dressed delivered purchases traded from 298.00-300.00. However, not enough purchases for a full market trend. 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:         1,591

Week Ago:             846

Year Ago:            4,864

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,800

Weighted avg. weight:        900.00

Weighted avg. net price:    296.87

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Cattle Slaughter under Federal Inspection

Thursday            124,000

Week Ago           122,000

Year Ago             123,504

Week to Date     487,000

Last Week           489,000

Last Year             501,669

Wednesday

Steers & Heifers:    101,000

Cows & Bulls:            23,000

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Boxed Beef:

Cutout Values:

Choice: 310.15… +3.38

Select:  296.51… +2.20

Choice/Select Spread: 13.64

Total Load Count: 115

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Cutter Cow Cutout:

273.95… +2.15

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CME Feeder Cattle Index for May 15th:

242.33… +0.54 / +0.22%

1 Year Change: +19.92%

52 Week Range: 202.07 to 254.09

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Futures Settlements:

Live Cattle:

June: 179.02… +0.77

August: 177.37… +0.85

Oct: 180.62… +0.92

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Feeder Cattle:

May: 244.85… +1.70

August: 257.35… +1.48

September: 258.40… +1.45

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June Lean Hogs: 98.37… +0.87

June Crude Oil: 79.34… +0.71

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July Corn: 4.5700… -0.0550

July Wheat: 6.6325… -0.0250

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Grain Cash Bids:

Omaha Corn: 4.47… -0.06

Kansas City Wheat: 6.18… -0.02

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Financial Markets:

DJIA: 39,870.10… -38.69

S & P 500: 5,297.15… -11.06

NASDAQ: 16,698.32… -44.07

U.S. Dollar Index: 104.50… +0.15