Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday 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:         170

Week Ago:          380

Year Ago:            175

Formula Net - Dressed Steers & Heifers:

Head count priced today:  35,300

Weighted avg. weight:        891.00

Weighted avg. net price:    302.26

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Cattle Slaughter under Federal Inspection

Tuesday              123,000

Week Ago            123,000

Year Ago              125,216

Week to Date     243,000

Last Week           125,000

Last Year             245,344

Monday

Steers & Heifers:   98,000

Cows & Bulls:         22,000

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Boxed Beef:

Cutout Values:

Choice: 316.88… +1.28

Select:  304.47… +0.77

Choice/Select Spread: 12.41

Total Load Count: 143

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Cutter Cow Cutout:

279.23… +0.25

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CME hasn't published the FCI for June 3rd.

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: 182.17… +0.15

August: 178.45… -0.42

Oct: 180.80… -0.10

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Feeder Cattle:

August: 256.02… -0.18

September: 257.60… -0.27

October: 258.55… -0.30

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June Lean Hogs: 92.70… -0.95

June Crude Oil: 73.26… -0.96

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July Corn: 4.4250… -0.0100

July Wheat: 6.5825… -0.1450

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Grain Cash Bids:

Omaha Corn: 4.47… -0.03

Kansas City Wheat: 6.32… -0.13

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Financial Markets:

DJIA: 38,711.09… +140.03

S & P 500: 5,291.29… +7.84

NASDAQ: 16,857.05… +28.38

U.S. Dollar Index: 104.13… -0.01