Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in all trading regions, 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:    266

Week Ago:  1,904

Year Ago:    1,111

Formula Net - Dressed Steers & Heifers:

Head count priced today:  29,700

Weighted avg. weight:        889.00

Weighted avg. net price:    303.44

-

Cattle Slaughter under Federal Inspection

Wednesday        121,000

Week Ago           123,000

Year Ago             126,334

Week to Date     360,000

Last Week           367,000

Last Year             377,777

Tuesday

Steers & Heifers: 100,000

Cows & Bulls:        23,000

-

Boxed Beef:

Cutout Values:

Choice: 320.70… +0.18

Select:  303.26… -0.95

Choice/Select Spread: 17.44

Total Load Count: 125

-

Cutter Cow Cutout:

287.44… 2.47

-

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

-

Futures Settlements: Tuesday Closes due to Holiday

Live Cattle:

June: 186.67

August: 182.10

Oct: 183.87

-

Feeder Cattle:

August: 259.95

September: 261.12

October: 261.97

-

August Lean Hogs: 91.57

July Crude Oil: 81.42

-

September Corn: 4.5575

September Wheat: 5.9900

-

Grain Cash Bids:

Omaha Corn: 4.58… -0.02

Kansas City Wheat: 5.51… +0.05

-

Financial Markets: Tuesday Closes due to Holiday

DJIA: 38,834.09

S & P 500: 5,487.11

NASDAQ: 17,862.23

U.S. Dollar Index: 105.28