Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash has been at a standstill. The most recent market in the Texas Panhandle was Thursday with live FOB purchases at 186.00. In Kansas negotiated cash trading has been slow on light to moderate trade. Compared to Thursday in Kansas Live FOB purchases traded steady at 186.00. In Nebraska and the Western Cornbelt negotiated cash has been moderate on trade and demand. Compared to last week in Nebraska live FOB purchases traded 2.00 lower at 190.00. Compared to last week dressed delivered purchases traded at 3.00 lower 301.00. Compared to last week in the Western Cornbelt live FOB purchases traded steady from 190.00-192.00. Last week dressed delivered purchases traded from 302.00-304.00, on a light test.

Negotiated Sales:

Confirmed:     35,988

Week Ago:        4,925

Year Ago:        14,446

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,300

Weighted avg. weight:        885.00

Weighted avg. net price:     302.97

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Cattle Slaughter under Federal Inspection

Friday                 122,000

Week Ago           117,000

Year Ago             124,134

Week to Date     497,000

Last Week           603,000

Last Year             504,068

Thursday

Steers & Heifers: 101,000

Cows & Bulls:         24,000

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Boxed Beef:

Cutout Values:

Choice: 313.20… -0.84

Select:  301.71… -0.81

Choice/Select Spread: 11.49

Total Load Count: 127

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Cutter Cow Cutout:

276.84… -2.37

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CME Feeder Cattle Index for May 30th:

248.24… -1.04 / -0.42%

1 Year Change: +19.82%

52 Week Range: 207.18 to 254.09

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Futures Settlements:

Live Cattle:

June: 181.55… -1.00

August: 178.45… -1.32

Oct: 180.80… -1.32

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Feeder Cattle:

August: 256.40… -2.67

September: 258.12… -2.55

October: 258.97… -2.48

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June Lean Hogs: 94.35… +0.38

June Crude Oil: 77.08… -0.83

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July Corn: 4.4625… -0.0250

July Wheat: 6.7850… -0.0250

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Grain Cash Bids:

Omaha Corn: 4.54… -0.02

Kansas City Wheat: 6.54… -0.01

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Financial Markets:

DJIA: 38,694.99… +583.51

S & P 500: 5,278.11… +42.64

NASDAQ: 16,735.02… -2.06

U.S. Dollar Index: 104.62… -0.10