Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday, negotiated cash trade was limited on light to moderate demand in all feeding regions, however 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:          5,354

Week Ago:           5,201

Year Ago:           13,460

Formula Net - Dressed Steers & Heifers:

Head count priced today:   22,100

Weighted avg. weight:         832.00

Weighted avg. net price:     282.32

-

Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago           126,000

Year Ago             123,000

Week to Date    379,000

Last Week          380,000

Last Year            373,000 

Tuesday

Steers & Heifers:    99,000

Cows & Bulls:          28,000

-

Boxed Beef:

Cutout Values:

Choice: 298.15… -1.32

Select:  282.89… -1.46

Choice/Select Spread: 15.26

Total Load Count: 120

-

Cutter Cow Cutout:

222.26… -0.47

-

CME Feeder Cattle Index for May 16th:

202.18… +0.11 / +0.05%

1 Year Change: +31.75%

52 Week Range: 152.72 to 206.37

-

Futures Settlements…

Live Cattle:

June: 164.82… +0.95

August: 163.12… +0.65

October: 167.07… +0.15

-

Feeder Cattle:

May: 204.55… -1.15

August: 231.15… -0.32

September: 233.95… -0.37

-

June Lean Hogs: 84.87… -2.33

June Crude Oil: 72.83… +1.97

-

July Corn: 5.6150… -0.1975

July Wheat: 6.2550… -0.2200

-

Grain Cash Bids:

Omaha Corn: 6.34… -0.16

Kansas City Wheat: 8.56… -0.09

-

Financial Markets:

DJIA: 33,421.23… +408.89

S & P 500: 4,158.81… +48.91

NASDAQ: 12,500.57… +157.52

U.S. Dollar Index: 102.85… +0.29