Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle, negotiated cash trade has been at standstill. In Kansas and the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. In Nebraska negotiated cash trad has been limited on light demand, there have been a few early purchases at 190.00, however not enough trade for a market trend. 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:       1,248

Week Ago:        1,460

Year Ago:        23,922

Formula Net - Dressed Steers & Heifers:

Head count priced today:    30,000

Weighted avg. weight:        887.00

Weighted avg. net price:     301.58

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Cattle Slaughter under Federal Inspection

Wednesday        125,000

Week Ago            122,000

Year Ago              126,550

Week to Date      250,000

Last Week           364,000

Last Year             254,528

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:       24,000

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Boxed Beef:

Cutout Values:

Choice: 313.62… +1.50

Select:  302.48… -0.95

Choice/Select Spread: 11.14

Total Load Count: 114

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Cutter Cow Cutout:

275.51… +0.68

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CME Feeder Cattle Index for May 28th:

248.68… -0.16 / -0.06%

1 Year Change: +18.50%

52 Week Range: 207.18 to 254.09

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Futures Settlements:

Live Cattle:

June: 183.35… -1.20

August: 180.20… -1.62

Oct: 182.45… -1.95

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Feeder Cattle:

August: 260.25… -4.35

September: 261.80… -3.90

October: 262.55… -3.70

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June Lean Hogs: 93.77… -0.03

June Crude Oil: 79.06… -0.77

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July Corn: 4.5525… -0.0725

July Wheat: 6.9275… -0.0750

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Grain Cash Bids:

Omaha Corn: 4.58… -0.10

Kansas City Wheat: 6.65… -0.11

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Financial Markets:

DJIA: 38,441.54… -411.32

S & P 500: 5,266.99… -39.11

NASDAQ: 16,920.58… -99.30

U.S. Dollar Index: 105.14… -0.53