Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle and the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. In Kansas negotiated cash trade has been slow on light demand. There have been a few live FOB purchases at 187.00, however not enough trade for a market test. Last week in the Southern Plains live FOB purchases traded at 186.00. In Nebraska negotiated cash trade has been at a standstill. 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:      1,460

Week Ago:          815

Year Ago:         1,331

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,600

Weighted avg. weight:        868.00

Weighted avg. net price:    297.83

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Cattle Slaughter under Federal Inspection

Wednesday       122,000

Week Ago           124,000

Year Ago             121,944

Week to Date     364,000

Last Week          363,000

Last Year            375,301

Tuesday

Steers & Heifers: 100,000

Cows & Bulls:        22,000

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Boxed Beef:

Cutout Values:

Choice: 312.17... -0.85

Select:  299.61... -1.26

Choice/Select Spread: 12.56

Total Load Count: 133

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Cutter Cow Cutout:

273.82... -0.13

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CME Feeder Cattle Index for May 21st:

248.44… +0.69 / +0.28%

1 Year Change: +21.37%

52 Week Range: 206.76 to 254.09

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Futures Settlements:

Live Cattle:

June: 184.17… +1.20

August: 181.67… +1.25

Oct: 184.65… +1.50

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Feeder Cattle:

May: 250.37… +1.42

August: 262.90… +3.08

September: 263.75… +2.63

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June Lean Hogs: 95.40… +1.00

June Crude Oil: 77.33… -1.33

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July Corn: 4.6125… +0.0325

July Wheat: 6.9300… -0.0450

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Grain Cash Bids:

Omaha Corn: 4.66… +0.03

Kansas City Wheat: 6.45… -0.02

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Financial Markets:

DJIA: 39,671.50… -202.80

S & P 500: 5,306.99… -14.50

NASDAQ: 16,801.54… -31.08

U.S. Dollar Index: 104.95… +0.29