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 Monday, negotiated cash trade was inactive on light demand in all feeding regions. Not enough purchases in any feeding region for an adequate market test. The latest established market was last week with live purchases in the Southern Plains at 170.00. Last week in Nebraska, live purchases traded mostly at 176.00 with dressed purchases at 280.00. For the prior week in the Western Cornbelt, live purchases traded from 175.00-177.00 with dressed purchases at 280.00 on a light test.

Negotiated Sales:

Confirmed:               38

Week Ago:              176

Year Ago:             5,061

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,600

Weighted avg. weight:         852.00

Weighted avg. net price:     277.57

-

Cattle Slaughter under Federal Inspection

Monday              126,000

Week Ago           126,000

Year Ago             123,000

Friday

Steers & Heifers:  97,000

Cows & Bulls:        27,000

-

Boxed Beef:

Cutout Values:

Choice: 301.98… -2.63

Select:  284.71… +0.03

Choice/Select Spread: 17.27

Total Load Count: 91

-

Cutter Cow Cutout:

222.03… +1.09

-

CME Feeder Cattle Index for May 12th:

202.11… +1.53 / +0.76%

1 Year Change: +30.71%

52 Week Range: 152.72 to 206.37

-

Futures Settlements…

Live Cattle:

June: 164.32… -0.08

August: 162.75… +0.30

October: 167.12… +0.97

-

Feeder Cattle:

May: 206.50… +1.03

August: 231.05… +2.08

September: 233.85… +1.88

-

June Lean Hogs: 86.15… +2.05

June Crude Oil: 71.11… +1.07

-

July Corn: 5.9250… +0.0625

July Wheat: 6.6075… +0.2575

-

Grain Cash Bids:

Omaha Corn: 6.61… +0.12

Kansas City Wheat: 8.68… +0.21

-

Financial Markets:

DJIA: 33,350.40… +49.78

S & P 500: 4,136.55… +12.43

NASDAQ: 12,365.21… +80.47

U.S. Dollar Index: 102.42… -0.27