Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 186.00. Last week in Nebraska live FOB purchases traded at 190.00, while dressed delivered purchases traded at 301.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week in the Western Cornbelt live FOB purchases traded from 188.00-192.00, while dressed delivered purchases traded from 300.00-301.00, on a light test.

Negotiated Sales:

Confirmed:          334

Week Ago:         None

Year Ago:               74

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,900

Weighted avg. weight:         881.00

Weighted avg. net price:     300.31

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Cattle Slaughter under Federal Inspection

Monday              120,000

Week Ago                2,000

Year Ago              120,128

Week to Date     120,000

Last Week               2,000

Last Year             120,128

Friday

Steers & Heifers:   99,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 315.60… +2.40

Select:  303.70… +1.99

Choice/Select Spread: 11.90

Total Load Count: 90

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Cutter Cow Cutout:

278.98… +2.14

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CME Feeder Cattle Index for May 31st:

250.77… +2.53 / +1.02%

1 Year Change: +16.03%

52 Week Range: 215.33 to 254.09

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Futures Settlements:

Live Cattle:

June: 182.02… +0.47

August: 178.87… +0.42

Oct: 180.90… +0.10

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Feeder Cattle:

August: 256.20… -0.20

September: 257.87… -0.25

October: 258.85… -0.12

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June Lean Hogs: 93.65… -0.70

June Crude Oil: 74.09… -2.90

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July Corn: 4.4350… -0.0275

July Wheat: 6.7275… -0.0575

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Grain Cash Bids:

Omaha Corn: 4.58… +0.04

Kansas City Wheat: 6.45… -0.09

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Financial Markets:

DJIA: 38,571.09… -123.90

S & P 500: 5,283.45… +5.34

NASDAQ: 16,828.67… +93.65

U.S. Dollar Index: 104.13… -0.54