Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash negotiated cash trade has been mostly inactive on light demand. On Thursday in the Texas Panhandle live FOB purchases traded at 187.00. In Kansas, Nebraska and the Western Cornbelt negotiated cash trade has been slow on light demand. Compared to Thursday in Kansas live FOB purchases traded steady at 187.00. On Thursday in Nebraska, live FOB purchases traded at 192.00, with a few purchases up to 193.50 and dressed delivered purchases traded at 304.00, with a few up to 305.00. On Thursday in the Western Cornbelt, live FOB purchases at 192.00, with a few up to 193.00. Last week dressed delivered purchases traded at 300.00, with a few up to 306.00.

Negotiated Sales:

Confirmed:       4,925

Week Ago:      41,292

Year Ago:         6,315

Formula Net - Dressed Steers & Heifers:

Head count priced today:    30,900

Weighted avg. weight:         870.00

Weighted avg. net price:     299.40

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Cattle Slaughter under Federal Inspection

Friday                  117,000

Week Ago           102,000

Year Ago             117,764

Week to Date     603,000

Last Week           589,000

Last Year             617,295

Thursday

Steers & Heifers:  99,000

Cows & Bulls:        23,000

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Boxed Beef:

Cutout Values:

Choice: 310.45… +0.61

Select:  301.72… +1.64

Choice/Select Spread: 8.73

Total Load Count: 107

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Cutter Cow Cutout:

274.78… -0.66

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CME Feeder Cattle Index for May 23rd:

250.14… +1.33 / +0.53%

1 Year Change: +20.63%

52 Week Range: 207.18 to 254.09

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Futures Settlements:

Live Cattle:

June: 183.70… +0.18

August: 181.12… +0.05

Oct: 183.95… -0.12

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Feeder Cattle:

August: 260.22… -1.23

September: 261.75… -0.97

October: 262.55… -0.77

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June Lean Hogs: 94.27… -0.25

June Crude Oil: 77.74… +0.87

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July Corn: 4.6450… +0.0050

July Wheat: 6.9725… -0.0075

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Grain Cash Bids:

Omaha Corn: 4.70… +0.01

Kansas City Wheat: 6.66… +0.10

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Financial Markets:

DJIA: 39,069.20… +3.81

S & P 500: 5,304.70… +36.80

NASDAQ: 16,920.79… +184.76

U.S. Dollar Index: 105.07