Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash has been limited 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 purchases traded from 197.00-198.00, with few up to 198.50, dressed delivered purchases 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:    253

Week Ago:       36

Year Ago:      None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,800

Weighted avg. weight:         880.00

Weighted avg. net price:     305.43

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Cattle Slaughter under Federal Inspection

Tuesday               121,000

Week Ago            123,000

Year Ago              128,464

Week to Date      236,000

Last Week            239,000

Last Year              252,988

Monday

Steers & Heifers:   95,000

Cows & Bulls:         20,000

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Boxed Beef:

Cutout Values:

Choice: 323.39… +0.75

Select:  305.26… +0.19

Choice/Select Spread: 18.13

Total Load Count: 121

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Cutter Cow Cutout:

288.42... +2.17

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CME Feeder Cattle Index for June 24th:

257.90… -0.44 / -0.17%

1 Year Change: +16.46%

52 Week Range: 215.33 to 258.34

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Futures Settlements:

June: 189.47… +0.57

August: 184.42… -0.40

Oct: 184.35… +0.55

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Feeder Cattle:

August: 259.05… +0.15

September: 260.07… -0.05

October: 260.60… -0.07

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August Lean Hogs: 86.75… +0.03

July Crude Oil: 80.80… -0.83

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September Corn: 4.3175… -0.0775

September Wheat: 5.6050… -0.1050

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Grain Cash Bids:

Omaha Corn: 4.43… -0.05

Kansas City Wheat: 5.26… -0.06

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Financial Markets:

DJIA: 39,114.99… -295.88

S & P 500: 5,469.44… +21.60

NASDAQ: 17,717.65… +220.83

U.S. Dollar Index: 105.60… +0.12