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!

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Fed Cattle:  As of 3:00 PM Tuesday, negotiated cash trade has been at a standstill in all major 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:             436

Week Ago:              176

Year Ago:           24,011

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,100

Weighted avg. weight:         850.00

Weighted avg. net price:     278.12

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Cattle Slaughter under Federal Inspection

Tuesday              127,000

Week Ago           128,000

Year Ago             127,000

Week to Date    253,000

Last Week          254,000

Last Year            250,000 

Monday

Steers & Heifers:  100,000

Cows & Bulls:          26,000

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Boxed Beef:

Cutout Values:

Choice: 297.47… -2.51

Select:  284.35… -0.36

Choice/Select Spread: 15.12

Total Load Count: 136

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Cutter Cow Cutout:

222.73… +0.70

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CME Feeder Cattle Index for May 15th:

202.07… -0.04 / -0.02%

1 Year Change: +29.53%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 163.87… -0.45

August: 162.47… -0.28

October: 166.92… -0.20

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Feeder Cattle:

May: 205.70… -0.80

August: 231.47… +0.42

September: 234.32… +0.47

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June Lean Hogs: 87.20… +1.05

June Crude Oil: 70.86… -0.25

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July Corn: 5.8125… -0.1125

July Wheat: 6.4750… -0.1325

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Grain Cash Bids:

Omaha Corn: 6.50… -0.11

Kansas City Wheat: 8.65… -0.03

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Financial Markets:

DJIA: 33,012.34… -338.06

S & P 500: 4,109.90… -26.65

NASDAQ: 12,343.05… -22.16

U.S. Dollar Index: 102.63… +0.21