Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in all regions, negotiated cash trading has been mostly inactive on light demand. 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:         2,749

Week Ago:        14,814

Year Ago:            3,896

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,100

Weighted avg. weight:         837.00

Weighted avg. net price:     283.10

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Cattle Slaughter under Federal Inspection

Friday                  117,000

Week Ago           106,000

Year Ago             121,000

Week to Date    613,000

Last Week          602,000

Last Year            611,000 

Thursday

Steers & Heifers: 93,000

Cows & Bulls:       27,000

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Boxed Beef:

Cutout Values:

Choice: 309.19… -0.33

Select:  288.16… +0.67

Choice/Select Spread: 21.03

Total Load Count: 89

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Cutter Cow Cutout:

219.53… -8.74

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CME Feeder Cattle Index for May 4th:

199.46… -2.07 / -1.03%

1 Year Change: +27.69%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 161.92… +0.35

August: 159.50… +0.08

October: 163.57… -0.28

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Feeder Cattle:

May: 202.52… -1.13

August: 221.42… -1.73

September: 225.05… -1.62

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June Lean Hogs: 83.77… -3.38

June Crude Oil: 71.34… -2.78

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July Corn: 5.9650… +0.0750

July Wheat: 6.6025… +0.1525

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Grain Cash Bids:

Omaha Corn: 6.52… +0.06

Kansas City Wheat: 8.03… +0.15

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Financial Markets:

DJIA: 33,674.31… +546.37

S & P 500: 4,136.37… +75.00

NASDAQ: 12,235.41… +269.01

U.S. Dollar Index: 101.25… -0.14