Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday, negotiated cash trading has been at a standstill in all major feeding regions. The latest established market in all regions was last week. In the Texas Panhandle live purchases traded from 170.00-171.00. In Kansas live purchases traded at 171.00. In Nebraska live and dressed purchases traded from 180.00-182.00 and from 280.00-286.00, respectively. In the Western Cornbelt live and dressed purchases traded at 182.00 and 285.00, respectively.

Negotiated Sales:

Confirmed:                90

Week Ago:            2,240

Year Ago:              1,530

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,400

Weighted avg. weight:         855.00

Weighted avg. net price:     275.50

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Cattle Slaughter under Federal Inspection

Tuesday              126,000

Week Ago           126,000

Year Ago             127,000

Week to Date    128,000

Last Week          251,000

Last Year            130,000 

Monday

Steers & Heifers:  1,000

Cows & Bulls:        1,000

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Boxed Beef:

Cutout Values:

Choice: 304.96… +1.03

Select:  287.77… +2.85

Choice/Select Spread: 17.19

Total Load Count: 115

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Cutter Cow Cutout:

224.83… +2.53

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CME Feeder Cattle Index for May 26th:

207.62… -2.24 / -1.07%

1 Year Change: +35.39%

52 Week Range: 152.72 to 209.86

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Futures Settlements…

Live Cattle:

June: 168.37… +1.52

August: 167.17… +2.00

October: 171.32… +1.72

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Feeder Cattle:

August: 237.77… +3.85

September: 240.67… +3.57

October: 242.47… +3.45

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June Lean Hogs: 80.82… +4.75

July Crude Oil: 69.46… -3.21

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July Corn: 5.9400… -0.1000

July Wheat: 5.9100… -0.2500

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Grain Cash Bids:

Omaha Corn: 6.59… -0.07

Kansas City Wheat: 7.54… -0.35

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Financial Markets:

DJIA: 33,042.85… -50.49

S & P 500: 4,205.59… +0.12

NASDAQ: 13,017.43… +41.74

U.S. Dollar Index: 104.07… -0.14