Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in all trading regions, negotiated cash trade was 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:     36

Week Ago:    170

Year Ago:       983

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,500

Weighted avg. weight:         881.00

Weighted avg. net price:     303.04

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Cattle Slaughter under Federal Inspection

Tuesday              123,000

Week Ago           123,000

Year Ago              126,951

Week to Date     244,000

Last Week           243,000

Last Year             249,669

Monday

Steers & Heifers:    99,000

Cows & Bulls:          22,000

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Boxed Beef:

Cutout Values:

Choice: 318.21… +0.79

Select:  300.62… -0.42

Choice/Select Spread: 17.59

Total Load Count: 144

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Cutter Cow Cutout:

280.18… -0.89

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CME Feeder Cattle Index for June 10th:

253.59… +0.51 / +0.20%

1 Year Change: +11.14%

52 Week Range: 215.33 to 254.09

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Futures Settlements:

Live Cattle:

June: 183.75… -0.17

August: 178.92… -1.05

Oct: 181.72… -0.45

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Feeder Cattle:

August: 257.65… -1.00

September: 258.67… -1.05

October: 259.22… -0.98

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June Lean Hogs: 91.95… -0.30

June Crude Oil: 77.94… +0.20

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July Corn: 4.4975… -0.0200

July Wheat: 6.2650… +0.1900

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Grain Cash Bids:

Omaha Corn: 4.60… -0.02

Kansas City Wheat: 6.00… +0.11

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Financial Markets:

DJIA: 38,747.35… -120.75

S & P 500: 5,375.41… +14.51

NASDAQ: 17,343.55… +151.02

U.S. Dollar Index: 105.24… +0.10