Texas Daily Ag Market News Summary

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

Fed Cattle: As of 3:00 PM in Nebraska, negotiated cash trading has been slow on light demand. Compared to the last reported market on Tuesday live purchases traded unevenly steady at 176.00 and dressed purchases traded steady at 281.00, with a light test noted. In the Southern Plains and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases traded a full market trend in these regions. The most recent reported market in the Southern Plains was on Tuesday with live purchases at 172.00. In the Western Cornbelt the most recent live purchase market was on Tuesday from 172.00-178.00. The most recent reported dressed purchase market was last week at 285.00.

Negotiated Sales:

Confirmed:      13,378

Week Ago:       13,939

Year Ago:          44,524

Formula Net - Dressed Steers & Heifers:

Head count priced today:  20,100

Weighted avg. weight:        850.00

Weighted avg. net price:    280.48

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Cattle Slaughter under Federal Inspection

Wednesday    126,000

Week Ago          122,000

Year Ago            126,000

Week to Date   376,000

Last Week         374,000

Last Year           365,000 

Tuesday

Steers & Heifers: 99,000

Cows & Bulls:      28,000

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Boxed Beef:

Cutout Values:

Choice: 309.09… -0.15

Select: 287.12… -1.54

Choice/Select Spread: 21.97

Total Load Count: 92

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Cutter Cow Cutout:

225.07… +3.11

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CME Feeder Cattle Index for May 2nd:

202.70… -0.12 / -0.06%

1 Year Change: +30.14%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 161.95… -0.95

August: 159.55… -1.40

October: 164.00… -1.30

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Feeder Cattle:

May: 203.42… -2.53

August: 223.52… -2.65

September: 226.75… -2.52

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June Lean Hogs: 88.00… +1.95

June Crude Oil: 68.70… +3.06

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July Corn: 5.8850… +0.0850

July Wheat: 6.3975… +0.3050

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Grain Cash Bids:

Omaha Corn: 6.45… +0.06

Kansas City Wheat: 7.55… +0.28

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Financial Markets:

DJIA: 33,414.11… -270.50

S & P 500: 4,090.85… -28.74

NASDAQ: 12,025.33… -55.18

U.S. Dollar Index: 101.40… -0.56