Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday in Nebraska, negotiated cash trading has been limited on light demand. A few dressed purchases traded from 280.00-285.00. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. In the Southern Plains negotiated cash trading has been at a standstill. Not enough purchases for a market trend in any region. 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:           1,331

Week Ago:         35,067

Year Ago:            14,385

Formula Net - Dressed Steers & Heifers:

Head count priced today:    33,800

Weighted avg. weight:         857.00

Weighted avg. net price:     278.94

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Cattle Slaughter under Federal Inspection

Wednesday        127,000

Week Ago           122,000

Year Ago             128,000

Week to Date     255,000

Last Week          373,000

Last Year            258,000 

Tuesday

Steers & Heifers:  102,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 305.84… +0.88

Select:  287.15… -0.62

Choice/Select Spread: 18.69

Total Load Count: 137

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Cutter Cow Cutout:

226.68… +1.85

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CME Feeder Cattle Index for May 26th:

207.18… -0.43 / -0.21%

1 Year Change: +35.09%

52 Week Range: 152.72 to 209.86

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Futures Settlements…

Live Cattle:

June: 169.12… +0.25

August: 167.67… +0.50

October: 171.77… +0.45

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Feeder Cattle:

August: 239.17… +1.40

September: 242.22… +1.55

October: 244.12… +1.65

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June Lean Hogs: 82.57… +1.75

July Crude Oil: 68.09… -1.37

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July Corn: 5.9400… Unchanged

July Wheat: 5.9425… +0.0325

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Grain Cash Bids:

Omaha Corn: 6.59… Unchanged

Kansas City Wheat: 7.61… +0.07

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Financial Markets:

DJIA: 32,910.90... -131.95

S & P 500: 4,180.13... -25.46

NASDAQ: 12,935.29... -82.14

U.S. Dollar Index: 104.27… +0.10