Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in Nebraska and Western Cornbelt, negotiated cash trading has been limited with light demand. In the Western Cornbelt a few live purchases traded at 182.00. In the Southern Plains negotiated cash trading has been inactive with very light demand. Not enough purchases in any region for a full market trend. Wednesday was the last reported market in these regions. In the Southern Plains live purchases traded at 171.00. In Nebraska live and dressed purchases traded from 180.00-182.00 and from 285.00-286.00, respectively. In the Western Cornbelt live and dressed purchases traded at 182.00 and at 285.00, respectively.

Negotiated Sales:

Confirmed:          4,864

Week Ago:         13,608

Year Ago:             8,833

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,500

Weighted avg. weight:         858.00

Weighted avg. net price:     279.30

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Cattle Slaughter under Federal Inspection

Thursday            125,000

Week Ago           125,000

Year Ago             122,000

Week to Date    498,000

Last Week          504,000

Last Year            497,000 

Wednesday

Steers & Heifers:  94,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 299.94… +1.64

Select:  284.54… +0.75

Choice/Select Spread: 15.40

Total Load Count: 104

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Cutter Cow Cutout:

223.91… -1.45

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CME Feeder Cattle Index for May 24th:

208.14… +0.78 / +0.38%

1 Year Change: +35.73%

52 Week Range: 152.72 to 208.14

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Futures Settlements…

Live Cattle:

June: 167.30… +1.20

August: 164.77… +0.65

October: 169.02… +0.65

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Feeder Cattle:

May: 208.97… Unchanged

August: 234.70… +0.18

September: 238.07… +0.45

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June Lean Hogs: 77.65… -2.15

July Crude Oil: 71.83… -2.51

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July Corn: 5.9075… +0.0350

July Wheat: 6.0425… -0.0200

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Grain Cash Bids:

Omaha Corn: 6.55… -0.02

Kansas City Wheat: 7.88… +0.06

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Financial Markets:

DJIA: 32,764.72… -35.66

S & P 500: 4,151.31… +35.98

NASDAQ: 12,698.09… +213.93

U.S. Dollar Index: 104.29… +0.40