Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in the Texas Panhandle, Nebraska and Western Cornbelt, negotiated cash trading has been slow on light to moderate demand. In the Texas Panhandle, compared to last reported market on Thursday, live purchases traded steady at 170.00. In Nebraska, thus far for the week, live purchases have traded 2.00 higher at 178.00 and dressed purchases have traded steady to 2.00 higher from 280.00-282.00. In the Western Cornbelt not enough live and dressed purchases for a full market trend. Thursday was the last reported live purchase market at 178.00. Last week dressed purchases traded at 280.00, on a light test. In Kansas negotiated cash trading has been limited on light demand. The last reported market was on Thursday with live purchases at 170.00.

Negotiated Sales:

Confirmed:        19,014

Week Ago:           2,398

Year Ago:                923

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,700

Weighted avg. weight:         853.00

Weighted avg. net price:     275.63

-

Cattle Slaughter under Federal Inspection

Friday                 122,000

Week Ago           124,000

Year Ago             123,000

Week to Date    626,000

Last Week          630,000

Last Year            619,000 

Thursday

Steers & Heifers:    98,000

Cows & Bulls:          28,000

-

Boxed Beef:

Cutout Values:

Choice: 301.10… +2.79

Select:  283.94… +0.33

Choice/Select Spread: 17.19

Total Load Count: 92

-

Cutter Cow Cutout:

221.21… -1.12

-

CME Feeder Cattle Index for May 18th:

202.36… -0.25 / -0.12%

1 Year Change: +31.86%

52 Week Range: 152.72 to 206.37

-

Futures Settlements…

Live Cattle:

June: 165.72… +0.20

August: 164.30… +0.68

October: 168.45… +0.70

-

Feeder Cattle:

May: 206.27… +0.17

August: 235.10… +0.60

September: 237.95… +0.73

-

June Lean Hogs: 83.02… -2.28

June Crude Oil: 71.55… -0.31

-

July Corn: 5.5450… -0.0075

July Wheat: 6.0500… -0.0675

-

Grain Cash Bids:

Omaha Corn: 6.23… -0.02

Kansas City Wheat: 7.94… -0.33

-

Financial Markets:

DJIA: 33,426.43… -109.54

S & P 500: 4,191.91… -6.10

NASDAQ: 12,657.90… -30.94

U.S. Dollar Index: 103.27… -031