Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trade has been at a standstill. The most recent market in the Texas Panhandle was Thursday with live FOB purchases at 186.00. In Kansas, Nebraska and the Western Cornbelt negotiated cash trade has been slow on moderate demand. On Thursday in Kansas live FOB purchases traded at 186.00, with a few up to 195.00. On Thursday in Nebraska live FOB purchases traded from 195.00-196.00, with a few up to 197.00, while dressed delivered purchases traded from 305.00-306.00, with a few up to 308.00. There have been a few dressed FOB purchases at 310.00. On Thursday in the Western Cornbelt live FOB purchases traded from live FOB purchases traded 2 from 193.00-195.00, with a few up to 197.00, while dressed delivered purchases traded from 305.00-306.00, with a few up to 309.00.

Negotiated Sales:

Confirmed:     8,888

Week Ago:    10,008

Year Ago:        1,805

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,700

Weighted avg. weight:         868.00

Weighted avg. net price:     299.75

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Cattle Slaughter under Federal Inspection

Friday                  119,000

Week Ago            118,000

Year Ago              117,811

Week to Date     608,000

Last Week           607,000

Last Year             620,392

Thursday

Steers & Heifers:     99,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 319.89… +1.58

Select:  303.81… +4.56

Choice/Select Spread: 16.08

Total Load Count: 101

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Cutter Cow Cutout:

283.16… +3.08

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CME Feeder Cattle Index for June 13th:

*256.13… +0.27 / +0.11%

1 Year Change: +12.21%

52 Week Range: 215.33 to 256.31*

*Today's FCI is an all-time high.

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Futures Settlements:

Live Cattle:

June: 186.82… +2.00

August: 183.17… +3.67

Oct: 184.85… +3.15

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Feeder Cattle:

August: 261.97… +4.50

September: 262.70… +4.40

October: 263.10… +4.38

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June Lean Hogs: 91.17… -0.58

June Crude Oil: 78.46… -0.16

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July Corn: 4.5000… -0.0850

July Wheat: 6.1275… -0.0725

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Grain Cash Bids:

Omaha Corn: 4.62… -0.06

Kansas City Wheat: 5.73… -0.09

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Financial Markets:

DJIA: 38,589.49… -57.09

S & P 500: 5,431.66… -1.93

NASDAQ: 17,688.88… +21.32

U.S. Dollar Index: 105.51… +0.31