Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 185.00. 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 190.00-193.00, while dressed delivered purchases traded at 301.00 on a light test.

Negotiated Sales:

Confirmed:     69

Week Ago:    334

Year Ago:       68

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,500

Weighted avg. weight:        890.00

Weighted avg. net price:    300.15

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Cattle Slaughter under Federal Inspection

Monday              121,000

Week Ago           120,000

Year Ago             122,718

Week to Date     121,000

Last Week          120,000

Last Year            122,718

Friday

Steers & Heifers:  95,000

Cows & Bulls:       23,000

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Boxed Beef:

Cutout Values:

Choice: 317.42… +0.67

Select:  301.04… -0.10

Choice/Select Spread: 16.38

Total Load Count: 109

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Cutter Cow Cutout:

281.07… +1.95

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CME Feeder Cattle Index for June 7th:

252.88… +1.68 / +0.67%

1 Year Change: +10.92%

52 Week Range: 215.33 to 254.09

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Futures Settlements:

Live Cattle:

June: 183.92… +1.75

August: 179.97… +2.80

Oct: 182.17… +2.50

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Feeder Cattle:

August: 258.65… +3.73

September: 259.72… +3.87

October: 260.20… +3.75

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June Lean Hogs: 92.25… -0.27

June Crude Oil: 77.87… +2.34

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July Corn: 4.5175… +0.0300

July Wheat: 6.0750… -0.2000

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Grain Cash Bids:

Omaha Corn: 4.62… +0.04

Kansas City Wheat: 5.89… -0.22

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Financial Markets:

DJIA: 38,868.10… +69.24

S & P 500: 5,360.90… +13.87

NASDAQ: 17,192.53… +59.40

U.S. Dollar Index: 105.04… +0.25