Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Texas Panhandle and the Western Cornbelt, negotiated has been slow on light demand. Last week in the Texas Panhandle live FOB purchases traded at 186.00. In Kansas negotiated cash has been moderate on trade and demand. Compared to last week live FOB purchases traded 1.00 lower at 185.00. In Nebraska negotiated cash trade has been at a standstill. Last week in Nebraska live FOB purchases traded at 190.00, while dressed delivered purchases traded at 301.00. 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:      6,666

Week Ago:       5,160

Year Ago:       15,815

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,400

Weighted avg. weight:       874.00

Weighted avg. net price:    299.06

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Cattle Slaughter under Federal Inspection

Thursday            122,000

Week Ago           125,000

Year Ago              124,714

Week to Date     489,000

Last Week           375,000

Last Year             494,382

Wednesday

Steers & Heifers:   101,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 316.21… +1.42

Select:  300.83… -0.07

Choice/Select Spread: 15.38

Total Load Count: 121

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Cutter Cow Cutout:

280.59… -0.33

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CME Feeder Cattle Index for June 5th:

250.54… -0.32 / -0.13%

1 Year Change: +14.58%

52 Week Range: 215.33 to 254.09

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Futures Settlements:

Live Cattle:

June: 181.82… +0.05

August: 177.47… -0.40

Oct: 179.65… -0.65

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Feeder Cattle:

August: 252.85… -1.97

September: 254.10… -2.10

October: 254.95… -2.20

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June Lean Hogs: 92.15… +0.05

June Crude Oil: 75.59… +1.52

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July Corn: 4.5200… +0.1275

July Wheat: 6.3950… -0.0725

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Grain Cash Bids:

Omaha Corn: 4.67… +0.24

Kansas City Wheat: 6.23… +0.02

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Financial Markets:

DJIA: 38,886.10… +78.65

S & P 500: 5,352.98… -1.04

NASDAQ: 17,173.12… -14.78

U.S. Dollar Index: 104.12… -0.16