Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday, negotiated cash trading has been limited on light demand in all regions. Not enough purchases in any region for a market trend. In the Southern Plains the last reported market was on Tuesday with live purchases at 172.00. In Nebraska the last reported market was on Wednesday with live and dressed purchases at 176.00 and at 281.00, respectively. In the Western Cornbelt the last reported 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:         4,861

Week Ago:          8,100

Year Ago:            3,762

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,300

Weighted avg. weight:         880.00

Weighted avg. net price:     283.69

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Cattle Slaughter under Federal Inspection

Thursday           120,000

Week Ago           122,000

Year Ago             125,000

Week to Date    496,000

Last Week          496,000

Last Year            490,000 

Wednesday

Steers & Heifers: 97,000

Cows & Bulls:       29,000

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Boxed Beef:

Cutout Values:

Choice: 309.52… +0.43

Select:  287.49… +0.37

Choice/Select Spread: 21.97

Total Load Count: 92

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Cutter Cow Cutout:

228.27… +3.20

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CME Feeder Cattle Index for May 3rd:

201.53… -1.17 / -0.58%

1 Year Change: +29.53%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 161.57… -0.08

August: 159.42… -0.13

October: 163.85… -0.15

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Feeder Cattle:

May: 203.65… +0.23

August: 223.15… -0.37

September: 226.67… -0.08

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June Lean Hogs: 87.15… -0.85

June Crude Oil: 68.56… -0.04

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July Corn: 5.8900… +0.0050

July Wheat: 6.4500… +0.0525

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Grain Cash Bids:

Omaha Corn: 6.46… +0.01

Kansas City Wheat: 7.68… +0.13

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Financial Markets:

DJIA: 33,127.94… -286.17

S & P 500: 4,061.37… -29.48

NASDAQ: 11,966.40… -58.93

U.S. Dollar Index: 101.39… +0.05