Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all regions. The latest established market was last week in all regions. In the Southern Plains live purchases traded at 170.00. In Nebraska live and dressed purchases traded at 178.00 and from 280.00-282.00, respectively. In the Western Cornbelt live and dressed purchases traded from 177.00-180.00 and from 280.00-282.00, respectively.

Negotiated Sales:

Confirmed:             326

Week Ago:                38

Year Ago:                774

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,400

Weighted avg. weight:         856.00

Weighted avg. net price:     276.16

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Cattle Slaughter under Federal Inspection

Monday              125,000

Week Ago           126,000

Year Ago             125,000

Friday

Steers & Heifers:    96,000

Cows & Bulls:          26,000

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Boxed Beef:

Cutout Values:

Choice: 303.90… +2.80

Select:  283.43… -0.51

Choice/Select Spread: 20.47

Total Load Count: 95

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Cutter Cow Cutout:

223.28… +2.07

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CME Feeder Cattle Index for May 19th:

204.70… +2.34 / +1.16%

1 Year Change: +34.04%

52 Week Range: 152.72 to 206.37

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Futures Settlements…

Live Cattle:

June: 165.05… -0.67

August: 163.60… -0.70

October: 168.15… -0.30

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Feeder Cattle:

May: 206.57… +0.30

August: 234.90… -0.20

September: 237.85… -0.10

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June Lean Hogs: 81.82… -1.20

June Crude Oil: 71.99… +0.44

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July Corn: 5.7100… +0.1650

July Wheat: 6.0625… +0.0125

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Grain Cash Bids:

Omaha Corn: 6.42… +0.19

Kansas City Wheat: 7.96… +0.02

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Financial Markets:

DJIA: 33,286.44… -139.99

S & P 500: 4,192.68… +0.77

NASDAQ: 12,720.78… +62.88

U.S. Dollar Index: 103.23… -0.03