Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in all trading regions, negotiated cash has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 186.00. Last week in Nebraska live FOB purchases at 190.00, dressed delivered purchases traded from 298.00-300.00. Last week in in the Western Cornbelt, live FOB purchases at 190.00, with a few up to 191.00, dressed delivered purchases traded at 300.00, with a few up to 306.00.

Negotiated Sales:

Confirmed:        260

Week Ago:         162

Year Ago:         None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,100

Weighted avg. weight:        887.00

Weighted avg. net price:     293.72

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Cattle Slaughter under Federal Inspection

Monday              120,000

Week Ago           116,000

Year Ago             125,274

Week to Date     120,000

Last Week           116,000

Last Year             125,274

Friday

Steers & Heifers:      79,000

Cows & Bulls:            23,000

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Boxed Beef:

Cutout Values:

Choice: 312.70… -0.75

Select:  299.35… +1.95

Choice/Select Spread: 13.35

Total Load Count: 117

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Cutter Cow Cutout:

272.61… +0.86

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CME Feeder Cattle Index for May 17th:

246.87… +3.83 / +1.58%

1 Year Change: +20.60%

52 Week Range: 204.70 to 254.09

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Futures Settlements:

Live Cattle:

June: 181.47… +0.42

August: 178.55… -0.50

Oct: 181.82… -0.13

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Feeder Cattle:

May: 246.70… -0.02

August: 258.47… -1.38

September: 259.65… -1.20

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June Lean Hogs: 96.92… +0.42

June Crude Oil: 79.63... -0.43

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July Corn: 4.6050… +0.0800

July Wheat: 6.8875… +0.3750

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Grain Cash Bids:

Omaha Corn: 4.72… +0.09

Kansas City Wheat: 6.42… +0.35

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Financial Markets:

DJIA: 39,807.69… -201.88

S & P 500: 5,308.23… +4.35

NASDAQ: 16,794.87… +108.9

U.S. Dollar Index: 104.60… +0.15