Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash has been mostly inactive on light demand. Last week in the Texas Panhandle live FOB purchases traded from 189.00-190.00. Last week in Kansas live FOB purchases traded from 188.00-191.00, with a few up to 198.00. Last week in Nebraska, live FOB purchase traded from 197.00-198.00, with few up to 198.50, dressed delivered purchases traded from 310.00-312.00. Last week in the Western Cornbelt live FOB purchases traded from 197.00-198.00, dressed delivered purchases at 310.00, with a few up to 314.00, on a light test.

Negotiated Sales:

Confirmed:    518

Week Ago:     474

Year Ago:      286

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,300

Weighted avg. weight:        888.00

Weighted avg. net price:     298.65

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Cattle Slaughter under Federal Inspection

Monday               115,000

Week Ago            116,000

Year Ago             124,524

Week to Date     115,000

Last Week           116,000

Last Year             124,524

Friday

Steers & Heifers:   97,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 322.64… +0.25

Select:  305.07… +1.96

Choice/Select Spread: 17.57

Total Load Count: 109

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Cutter Cow Cutout:

258.34… +0.87

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CME Feeder Cattle Index for June 21st:

258.34… +0.87 / +0.34%

1 Year Change: +16.66%

52 Week Range: 215.33 to 258.34

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Futures Settlements:

June: 188.90… +1.30

August: 184.82… +1.67

Oct: 183.80… +0.18

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Feeder Cattle:

August: 258.90… +0.53

September: 260.12… +0.22

October: 260.67… +0.05

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August Lean Hogs: 86.72… -2.60

July Crude Oil: 81.68… +0.95

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September Corn: 4.3950… -0.0100

September Wheat: 5.7100… -0.0475

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Grain Cash Bids:

Omaha Corn: 4.48… +0.02

Kansas City Wheat: 5.32… +0.01

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Financial Markets:

DJIA: 39,410.87… +261.56

S & P 500: 5,447.84… -17.08

NASDAQ: 17,496.82… -192.54

U.S. Dollar Index: 105.48… -0.32