Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been light on light demand. A few live FOB purchases traded at 186.00, however, not enough purchases for a full market trend. Last week live FOB purchases traded at 187.00. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a full market trend. 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:       5,160

Week Ago:      10,519

Year Ago:        12,170

Formula Net - Dressed Steers & Heifers:

Head count priced today:  30,800

Weighted avg. weight:        915.00

Weighted avg. net price:    302.92

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Cattle Slaughter under Federal Inspection

Thursday            125,000

Week Ago           122,000

Year Ago             125,046

Week to Date     375,000

Last Week           486,000

Last Year             379,934

Wednesday

Steers & Heifers: 101,000

Cows & Bulls:         24,000

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Boxed Beef:

Cutout Values:

Choice: 314.04… +0.42

Select:  302.52… +0.04

Choice/Select Spread: 11.52

Total Load Count: 137

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Cutter Cow Cutout:

279.21… +3.70

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CME Feeder Cattle Index for May 29th:

249.28… +0.60 / +0.24%

1 Year Change: +20.07%

52 Week Range: 207.18 to 254.09

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Futures Settlements:

Live Cattle:

June: 182.55… -0.80

August: 179.77… -0.43

Oct: 182.12… -0.33

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Feeder Cattle:

August: 259.07… -1.18

September: 260.67… -1.13

October: 261.45… -1.10

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June Lean Hogs: 93.97… +0.20

June Crude Oil: 77.96… -1.27

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July Corn: 4.4875… -0.0650

July Wheat: 6.8100… -0.1175

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Grain Cash Bids:

Omaha Corn: 4.54… -0.04

Kansas City Wheat: 6.55… -0.10

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Financial Markets:

DJIA: 38,111.48… -330.06

S & P 500: 5,235.47… -31.52

NASDAQ: 16,737.08… -183.50

U.S. Dollar Index: 104.78… +0.17