Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in the Texas Panhandle, negotiated cash trade has been slow on light demand. Last week in the Southern Plains live FOB purchases traded at 186.00. In Kansas and Nebraska negotiated cash trade has been at a standstill. Last week In Nebraska live FOB trade early in the week traded at 190.00, with later in the week purchases ranging from 195.00-198.00, while dressed delivered purchases traded from 305.00-306.00, with a few up to 310.00. 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 190.00-197.00 mostly from 193.00-195.00, dressed delivered purchases traded from 305.00-306.00 with a few up to 310.00.

Negotiated Sales:

Confirmed:     474

Week Ago:       69

Year Ago:       187

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,000

Weighted avg. weight:        897.00

Weighted avg. net price:    300.30

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Cattle Slaughter under Federal Inspection

Monday              119,000

Week Ago            121,000

Year Ago              122,443

Week to Date     119,000

Last Week           121,000

Last Year             122,443

Friday

Steers & Heifers:     96,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 320.47… +0.58

Select:  304.82… +1.01

Choice/Select Spread: 15.65

Total Load Count: 99

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Cutter Cow Cutout:

283.49… +0.33

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CME Feeder Cattle Index for June 14th:

255.72… -0.41 / -0.16%

1 Year Change: +14.28%

52 Week Range: 215.33 to 255.86

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Futures Settlements:

Live Cattle:

June: 187.05… +0.23

August: 182.80… -0.37

Oct: 184.62… -0.23

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Feeder Cattle:

August: 261.32… -0.65

September: 262.57… -0.13

October: 263.30… +0.20

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August Lean Hogs: 91.87… +1.42

July Crude Oil: 80.48… +2.03

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September Corn: 4.5000… -0.0700

September Wheat: 6.0800… -0.2050

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Grain Cash Bids:

Omaha Corn: 4.54… -0.08

Kansas City Wheat: 5.51… -0.22

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Financial Markets:

DJIA: 38,778.89… +189.40

S & P 500: 5,473.44… +41.78

NASDAQ: 17,857.02… +168.14

U.S. Dollar Index: 105.36... -0.19