Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday, negotiated cash trade was limited on light to moderate demand in all feeding regions, however not enough for an adequate market test in any region. The latest established market in the Texas Panhandle was on Wednesday with live purchases at 170.00. In Kansas the latest established market was on Thursday with live purchases at 170.00. In Nebraska on Thursday live purchases traded from 175.00-177.00, mostly at 176.00 with dressed purchases at 280.00. On Thursday in the Western Cornbelt, live purchases traded mostly from 175.00-177.00 with a light test of dressed purchases at 280.00.

Negotiated Sales:

Confirmed:         2,398

Week Ago:          2,749

Year Ago:            1,130

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,700

Weighted avg. weight:         844.00

Weighted avg. net price:     279.84

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Cattle Slaughter under Federal Inspection

Friday                  124,000

Week Ago           117,000

Year Ago             120,000

Week to Date    630,000

Last Week          613,000

Last Year            609,000 

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        30,000

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Boxed Beef:

Cutout Values:

Choice: 304.61… -1.11

Select:  284.68… +0.10

Choice/Select Spread: 19.93

Total Load Count: 115

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Cutter Cow Cutout:

220.94… -3.48

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CME Feeder Cattle Index for May 12th:

200.58… +1.12 / +0.56%

1 Year Change: +28.58%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 164.40… +1.45

August: 162.45… +1.65

October: 166.15… +1.60

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Feeder Cattle:

May: 205.47… +1.35

August: 228.97… +2.90

September: 231.97… +2.67

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June Lean Hogs: 84.10… +0.23

June Crude Oil: 70.04… -0.83

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July Corn: 5.8625… +0.0400

July Wheat: 6.3500… +0.0775

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Grain Cash Bids:

Omaha Corn: 6.49… +0.07

Kansas City Wheat: 8.47… +0.35

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Financial Markets:

DJIA: 33,300.62… -9.42

S & P 500: 4,124.12… -6.46

NASDAQ: 12,284.74… -43.77

U.S. Dollar Index: 102.69… +0.62