Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trade has been slow on light demand. However there has not been enough purchases for a market trend. Last week in the Southern Plains live FOB purchases traded 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. In the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. 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:    1,904

Week Ago:        589

Year Ago:     15,229

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,900

Weighted avg. weight:         881.00

Weighted avg. net price:     298.64

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Cattle Slaughter under Federal Inspection

Wednesday        123,000

Week Ago           124,000

Year Ago              127,088

Week to Date     367,000

Last Week           367,000

Last Year             376,757

Tuesday

Steers & Heifers:    100,000

Cows & Bulls:            23,000

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Boxed Beef:

Cutout Values:

Choice: 317.60… -0.61

Select:  298.93… -1.69

Choice/Select Spread: 18.67

Total Load Count: 124

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Cutter Cow Cutout:

279.15… -1.03

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CME Feeder Cattle Index for June 11th:

253.74… +0.35 / +0.14%

1 Year Change: +11.29%

52 Week Range: 215.33 to 254.09

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Futures Settlements:

Live Cattle:

June: 183.65… -0.10

August: 178.32… -0.60

Oct: 181.05… -0.67

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Feeder Cattle:

August: 257.57… -0.08

September: 258.47… -0.20

October: 258.85… -0.37

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June Lean Hogs: 92.02… +0.07

June Crude Oil: 78.32… +0.42

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July Corn: 4.5425… +0.0475

July Wheat: 6.1700… -0.0950

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Grain Cash Bids:

Omaha Corn: 4.65… +0.05

Kansas City Wheat: 5.82… -0.18

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Financial Markets:

DJIA: 38,711.78… -35.57

S & P 500: 5,420.94… +45.53

NASDAQ: 17,608.44… +264.89

U.S. Dollar Index: 104.75… -0.49