Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 186.00. 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. 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:      36

Week Ago:       36

Year Ago:    5,823

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,200

Weighted avg. weight:        887.00

Weighted avg. net price:    301.26

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Cattle Slaughter under Federal Inspection

Tuesday               123,000

Week Ago            123,000

Year Ago              129,000

Week to Date     239,000

Last Week           244,000

Last Year             251,443

Monday

Steers & Heifers:     95,000

Cows & Bulls:          21,000

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Boxed Beef:

Cutout Values:

Choice: 320.52… -0.05

Select:  304.21… -0.61

Choice/Select Spread: 16.31

Total Load Count: 190

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Cutter Cow Cutout:

284.97... +1.48

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CME Feeder Cattle Index for June 17th:

257.07… +1.35 / +0.53%

1 Year Change: +14.89%

52 Week Range: 215.33 to 257.07

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Futures Settlements:

Live Cattle:

June: 186.67… -0.38

August: 182.10… -0.70

Oct: 183.87… -0.75

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Feeder Cattle:

August: 259.95… -1.37

September: 261.12… -1.45

October: 261.97… -1.33

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August Lean Hogs: 91.57… -0.30

July Crude Oil: 81.42… +1.09

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September Corn: 4.5575… +0.0575

September Wheat: 5.9900… -0.0900

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Grain Cash Bids:

Omaha Corn: 4.60… +0.06

Kansas City Wheat: 5.46… -0.05

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Financial Markets:

DJIA: 38,834.09… +55.20

S & P 500: 5,487.11… +13.67

NASDAQ: 17,862.23… +5.21

U.S. Dollar Index: 105.28… -0.04