Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday, negotiated cash trading has been very limited on light demand in Kansas, Nebraska and Western Cornbelt. In the Texas Panhandle negotiated cash trading has been at a standstill. Not enough purchases in any region for a 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:          3,029

Week Ago:         19,014

Year Ago:             4,112

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,900

Weighted avg. weight:         847.00

Weighted avg. net price:     279.90

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Cattle Slaughter under Federal Inspection

Friday                  118,000

Week Ago           122,000

Year Ago             120,000

Week to Date    616,000

Last Week          626,000

Last Year            617,000 

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        29,000

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Boxed Beef:

Cutout Values:

Choice: 303.93… +3.99

Select:  284.92… +0.38

Choice/Select Spread: 19.01

Total Load Count: 89

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Cutter Cow Cutout:

222.30… -1.61

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CME Feeder Cattle Index for May 25th:

209.86… +1.72 / +0.83%

1 Year Change: +35.64%

52 Week Range: 152.72 to 209.86

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Futures Settlements…

Live Cattle:

June: 167.35… +0.05

August: 165.17… +0.40

October: 169.60… +0.58

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Feeder Cattle:

August: 233.92… -0.78

September: 237.10… -0.97

October: 239.02… -1.03

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June Lean Hogs: 76.07… -1.58

July Crude Oil: 72.67… +0.84

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July Corn: 6.0400… +0.1325

July Wheat: 6.1600… +0.1175

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Grain Cash Bids:

Omaha Corn: 6.66… +0.11

Kansas City Wheat: 7.89… +0.01

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Financial Markets:

DJIA: 33,093.34… +328.62

S & P 500: 4,205.47… +54.16

NASDAQ: 12,975.69… +277.60

U.S. Dollar Index: 104.22… -0.03

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