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!

---

Fed Cattle:  As of 3:00 PM Wednesday in the Southern Plains negotiated cash trade has been slow to moderate with moderate demand. In the Texas Panhandle live purchases traded 1.00 higher at 171.00, when compared to the most recent market on Tuesday. In Kansas, compared to last week, live purchases traded 1.00 higher at 171.00. In Nebraska negotiated cash trade has been slow to moderate with moderate to good demand. Compared to last week, live purchases traded 2.00-4.00 higher from 180.00-182.00 and dressed purchases traded 4.00-5.00 higher from 285.00-286.00. In the Wester Cornbelt negotiated cash trade has been slow with light to moderate demand. A few live purchases traded from 180.00-182.00, however, not enough live or dressed purchases for a full market trend. The latest established market was last week with live purchases from 177.00-180.00 and dressed purchases from 280.00-282.00.

Negotiated Sales:

Confirmed:        35,067

Week Ago:           5,354

Year Ago:           16,565

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,600

Weighted avg. weight:         854.00

Weighted avg. net price:     280.43

-

Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago           126,000

Year Ago             124,000

Week to Date    377,000

Last Week          379,000

Last Year            375,000 

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

-

Boxed Beef:

Cutout Values:

Choice: 298.30... -2.44

Select:  283.79... +2.51

Choice/Select Spread: 14.51

Total Load Count: 133

-

Cutter Cow Cutout:

225.36... +1.18

-

CME Feeder Cattle Index for May 23rd:

207.36… +0.60 / +0.29%

1 Year Change: +35.78%

52 Week Range: 152.72 to 207.36

-

Futures Settlements…

Live Cattle:

June: 166.10… +1.83

August: 164.12… +1.55

October: 168.37… +1.20

-

Feeder Cattle:

May: 208.97… +1.17

August: 234.52… +1.05

September: 237.62… +0.87

-

June Lean Hogs: 79.80… -0.87

July Crude Oil: 74.34… +1.43

-

July Corn: 5.8725… +0.0975

July Wheat: 6.0625… -0.1600

-

Grain Cash Bids:

Omaha Corn: 6.57… +0.09

Kansas City Wheat: 7.82… -0.30

-

Financial Markets:

DJIA: 32,800.38… -255.19

S & P 500: 4,115.33… -30.4

NASDAQ: 12,484.16… -76.09

U.S. Dollar Index: 103.87… +0.38