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, report unavailable.

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

Monday              126,000

Week Ago           123,000

Year Ago             119,000

Friday

Steers & Heifers: 92,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 308.56… -0.63

Select:  285.12… -3.04

Choice/Select Spread: 23.44

Total Load Count: 78

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Cutter Cow Cutout:

220.31… +0.78

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CME Feeder Cattle Index for May 5th:

200.01… +0.55 / +0.28%

1 Year Change: +27.94%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 162.42… +0.50

August: 160.07… +0.57

October: 164.12… +0.55

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Feeder Cattle:

May: 203.42… +0.90

August: 223.10… +1.68

September: 226.65… +1.60

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June Lean Hogs: 83.30… -0.47

June Crude Oil: 73.16… +1.82

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July Corn: 5.9650… Unchanged

July Wheat: 6.5400… -0.0625

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Grain Cash Bids:

Omaha Corn: 6.58… +0.06

Kansas City Wheat: 8.14… +0.11

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Financial Markets:

DJIA: 33,618.55… -55.76

S & P 500: 4,138.12… +1.75

NASDAQ: 12,256.92… +21.51

U.S. Dollar Index: 101.40… +0.19