Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday 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:   1,181

Week Ago:       266

Year Ago:         328

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,100

Weighted avg. weight:         876.00

Weighted avg. net price:     307.04

-

Cattle Slaughter under Federal Inspection

Wednesday        117,000

Week Ago            121,000

Year Ago              124,414

Week to Date      353,000

Last Week            360,000

Last Year              377,402

Tuesday

Steers & Heifers:   98,000

Cows & Bulls:         23,000

-

Boxed Beef:

Cutout Values:

Choice: 322.85… -0.54

Select:  302.86… -2.40

Choice/Select Spread: 19.99

Total Load Count: 134

-

Cutter Cow Cutout:

288.13... -0.29

-

CME Feeder Cattle Index for June 25th:

258.31… +0.41 / +0.16%

1 Year Change: +16.64%

52 Week Range: 215.33 to 258.34

-

Futures Settlements:

June: 192.92… +3.45

August: 186.75… +2.33

Oct: 186.12… +1.77

-

Feeder Cattle:

August: 261.77… +2.72

September: 262.47… +2.40

October: 262.90… +2.30

-

August Lean Hogs: 88.97… +2.22

July Crude Oil: 80.64… -0.19

-

September Corn: 4.2550… -0.0625

September Wheat: 5.6050… Unchanged

-

Grain Cash Bids:

Omaha Corn: 4.39… -0.04

Kansas City Wheat: 5.30… +0.04

-

Financial Markets:

DJIA: 39,127.73… +12.74

S & P 500: 5,477.84… 8.40

NASDAQ: 17,805.16… +87.51

U.S. Dollar Index: 106.07… +0.46