Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and the Western Cornbelt, negotiated cash trade has been at standstill. In Nebraska negotiated cash trade was mostly inactive on very light demand. Last week in the Southern Plains live FOB purchases traded at 187.00. Last week in Nebraska live FOB purchases traded at 192.00 and dressed delivered purchases traded at 304.00. Last week in the Western Cornbelt, live FOB purchases traded from 190.00-192.00, while dressed delivered purchases traded from 302.00-304.00, on a light test.

Negotiated Sales:

Confirmed:          380

Week Ago:         2,181

Year Ago:          9,013

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,900

Weighted avg. weight:        883.00

Weighted avg. net price:     297.11

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Cattle Slaughter under Federal Inspection

Tuesday             123,000

Week Ago           122,000

Year Ago             124,585

Week to Date     125,000

Last Week           242,000

Last Year             127,978

Monday

Steers & Heifers:  1,000

Cows & Bulls:       1,000

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Boxed Beef:

Cutout Values:

Choice: 312.12… +1.67

Select:  303.43… +1.71

Choice/Select Spread: 8.69

Total Load Count: 117

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Cutter Cow Cutout:

274.83… +0.05

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CME Feeder Cattle Index for May 24th:

248.84… -1.30 / +0.53%

1 Year Change: +18.57%

52 Week Range: 207.18 to 254.09

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Futures Settlements:

Live Cattle:

June: 184.55… +0.85

August: 181.82… +0.70

Oct: 184.40… +0.45

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Feeder Cattle:

August: 264.60… +4.38

September: 265.70… +3.95

October: 266.25… +3.70

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June Lean Hogs: 93.80… -0.47

June Crude Oil: 80.20… +2.48

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July Corn: 4.6800… +0.0325

July Wheat: 7.0025… -0.0300

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Grain Cash Bids:

Omaha Corn: 4.68… -0.02

Kansas City Wheat: 6.76… +0.10

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Financial Markets:

DJIA: 38,852.86… -216.34

S & P 500: 5,306.10… +1.40

NASDAQ: 17,019.88… +99.09

U.S. Dollar Index: 104.59… -0.01