Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday in all regions, negotiated cash trading has been limited on light demand. In the Southern Plains a very few live purchases traded at 170.00. However, not enough purchases for a market trend in any region. 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:         5,201

Week Ago:        13,387

Year Ago:          14,591

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,500

Weighted avg. weight:         844.00

Weighted avg. net price:     284.57

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago           126,000

Year Ago             122,000

Week to Date    380,000

Last Week          376,000

Last Year            365,000 

Tuesday

Steers & Heifers: 101,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 306.87… -0.51

Select:  284.54… -0.35

Choice/Select Spread: 22.33

Total Load Count: 138

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Cutter Cow Cutout:

224.43… +2.17

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CME Feeder Cattle Index for May 9th:

199.45… +0.03 / +0.02%

1 Year Change: +27.35%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 163.00… -0.92

August: 161.17… -038

October: 165.00… -0.32

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Feeder Cattle:

May: 205.37… -0.55

August: 225.15… -0.97

September: 228.37… -1.28

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June Lean Hogs: 84.17… -0.23

June Crude Oil: 72.56… -1.15

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July Corn: 5.9400… +0.0925

July Wheat: 6.4125… -0.0225

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Grain Cash Bids:

Omaha Corn: 6.54… +0.10

Kansas City Wheat: 8.25… -0.01

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Financial Markets:

DJIA: 33,531.00… -31.14

S & P 500: 4,137.59… +18.56

NASDAQ: 12,306.44… +126.89

U.S. Dollar Index: 101.44… -0.17