Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday 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:         589

Week Ago:       1,248

Year Ago:         4,044

Formula Net - Dressed Steers & Heifers:

Head count priced today:   19,000

Weighted avg. weight:        895.00

Weighted avg. net price:     306.18

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Cattle Slaughter under Federal Inspection

Wednesday        124,000

Week Ago           125,000

Year Ago             124,324

Week to Date     367,000

Last Week           250,000

Last Year            369,668

Tuesday

Steers & Heifers:   101,000

Cows & Bulls:           22,000

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Boxed Beef:

Cutout Values:

Choice: 314.79… -2.09

Select:  300.90… -3.57

Choice/Select Spread: 13.89

Total Load Count: 115

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Cutter Cow Cutout:

280.92… +1.69

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CME Feeder Cattle Index for June 4th:

250.86… -0.03 / -0.01%

1 Year Change: +16.07%

52 Week Range: 215.33 to 254.09

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Futures Settlements:

Live Cattle:

June: 181.77… -0.40

August: 177.87… -0.58

Oct: 180.30… -0.50

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Feeder Cattle:

August: 254.82… -1.20

September: 256.20… -1.40

October: 257.15… -1.40

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June Lean Hogs: 92.10… -0.60

June Crude Oil: 74.15... +0.90

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July Corn: 4.3925… -0.0325

July Wheat: 6.4675… -0.1150

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Grain Cash Bids:

Omaha Corn: 4.43… -0.04

Kansas City Wheat: 6.21… -0.11

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Financial Markets:

DJIA: 38,807.45… +96.36

S & P 500: 5,354.02… +62.73

NASDAQ: 17187.90… +330.85

U.S. Dollar Index: 104.28… +0.17