Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive with light demand. Not enough purchases for a market trend. The latest established market in all regions was last week. In the Southern Plains live purchases traded at 172.00. In Nebraska live and dressed purchases traded from 176.00-178.00 and at 281.00, respectively. In the Western Cornbelt live and dressed purchases traded from 172.00-178.00 and from 280.00-285.00, respectively.

Negotiated Sales:

Confirmed:             773

Week Ago:        23,954

Year Ago:          19,361

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,900

Weighted avg. weight:         863.00

Weighted avg. net price:     284.63

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Cattle Slaughter under Federal Inspection

Tuesday              128,000

Week Ago           127,000

Year Ago             124,000

Week to Date    254,000

Last Week          250,000

Last Year            243,000 

Monday

Steers & Heifers: 100,000

Cows & Bulls:         26,000

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Boxed Beef:

Cutout Values:

Choice: 307.38… -1.18

Select:  284.89… -0.23

Choice/Select Spread: 22.49

Total Load Count: 121

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Cutter Cow Cutout:

222.26… +1.95

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CME Feeder Cattle Index for May 8th:

199.42… -0.59 / -0.29%

1 Year Change: +27.66%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 163.92… +1.50

August: 161.55… +1.48

October: 165.32… +1.20

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Feeder Cattle:

May: 205.92… +2.50

August: 226.12… +3.02

September: 229.65… +3.00

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June Lean Hogs: 84.40… +1.10

June Crude Oil: 73.71… -0.55

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July Corn: 5.8475… -0.1175

July Wheat: 6.4350… -0.1050

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Grain Cash Bids:

Omaha Corn: 6.44… -0.14

Kansas City Wheat: 8.26… +0.12

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Financial Markets:

DJIA: 33,562.14… -56.41

S & P 500: 4,139.23… -18.89

NASDAQ: 12,179.55… -77.37

U.S. Dollar Index: 101.64… +0.26