Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trade has been mostly inactive on light demand. The most recent live FOB purchases were Thursday at 185.00, on a light test. In Kansas negotiated cash trading has been slow on light demand. The most recent live FOB purchases were Thursday at 185.00. In Nebraska negotiated cash trade trading has been slow on light to moderate demand. However not enough trade for a market test. Last week live FOB purchases traded at 190.00, while dressed delivered purchases traded at 301.00. In the Western Cornbelt negotiated cash trade trading has been slow on light to moderate demand. Compared to Thursday live FOB purchases traded steady to 2.00 higher at 190.00. Last week dressed delivered purchases traded from 300.00-301.00, on a light test.

Negotiated Sales:

Confirmed:    10,008

Week Ago:     35,988

Year Ago:         9,832

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,000

Weighted avg. weight:         875.00

Weighted avg. net price:     298.37

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Cattle Slaughter under Federal Inspection

Friday                  118,000

Week Ago            122,000

Year Ago              115,524

Week to Date     607,000

Last Week           497,000

Last Year             609,976

Thursday

Steers & Heifers:    99,000

Cows & Bulls:          23,000

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Boxed Beef:

Cutout Values:

Choice: 316.75… +0.54

Select:  301.14… +0.31

Choice/Select Spread: 15.61

Total Load Count: 119

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Cutter Cow Cutout:

279.12… -1.47

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CME Feeder Cattle Index for June 6th:

251.20… +0.66 / +0.26%

1 Year Change: +14.56%

52 Week Range: 215.33 to 254.09

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Futures Settlements:

Live Cattle:

June: 182.17… +0.35

August: 177.17… -0.30

Oct: 179.67… +0.02

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Feeder Cattle:

August: 254.92… +2.07

September: 255.85… +1.75

October: 256.45… +1.50

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June Lean Hogs: 92.52… +0.37

June Crude Oil: 75.36… -0.19

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July Corn: 4.4875… -0.0325

July Wheat: 6.2750… -0.1200

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Grain Cash Bids:

Omaha Corn: 4.58… -0.09

Kansas City Wheat: 6.11… -0.12

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Financial Markets:

DJIA: 38,798.86… -87.24

S & P 500: 5,347.03… -5.95

NASDAQ: 17,133.13… -39.99

U.S. Dollar Index: 104.92… +0.82