Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trading has been slow on light demand. Compared to last week live purchases traded steady at 170.00. In Kansas, Nebraska, and Western Cornbelt negotiated cash trading has been limited on light demand. In the Western Cornbelt a few live purchases traded at 178.00. Not enough purchases in these three regions for a full market trend. In Kansas the latest established market was last week with live purchases 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:        13,608

Week Ago:         21,091

Year Ago:             3,055

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,200

Weighted avg. weight:         873.00

Weighted avg. net price:     280.14

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Cattle Slaughter under Federal Inspection

Thursday           125,000

Week Ago           126,000

Year Ago             123,000

Week to Date    504,000

Last Week          506,000

Last Year            496,000 

Wednesday

Steers & Heifers:    98,000

Cows & Bulls:          28,000

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Boxed Beef:

Cutout Values:

Choice: 298.31… +0.16

Select:  283.61… +0.72

Choice/Select Spread: 14.70

Total Load Count: 82

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Cutter Cow Cutout:

222.33… +0.07

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CME Feeder Cattle Index for May 17th:

202.61… +0.43 / +0.21%

1 Year Change: +30.67%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 165.52… +0.70

August: 163.62… +0.50

October: 167.75… +0.68

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Feeder Cattle:

May: 206.10… +1.55

August: 234.50… +3.35

September: 237.22… +3.27

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June Lean Hogs: 85.30… +0.43

June Crude Oil: 71.86… -0.97

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July Corn: 5.5525… -0.0625

July Wheat: 6.1175… -0.1375

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Grain Cash Bids:

Omaha Corn: 6.25… -0.09

Kansas City Wheat: 8.27… -0.29

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Financial Markets:

DJIA: 33,535.97… +114.74

S & P 500: 4,198.01… +39.20

NASDAQ: 12,688.84… +188.27

U.S. Dollar Index: 103.52… +0.64