Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in the Southern Plains, negotiated cash trading has been mostly inactive on light demand. In Nebraska and Western Cornbelt negotiated cash trading has been slow with light to moderate demand. Not enough purchases for a full market trend in any region. Thursday was the last reported market in these regions. In the Texas Panhandle live purchases traded from 175.00-180.00. In Kansas live purchases traded from 178.00-180.00. In Nebraska live and dressed purchases traded mostly from 183.00-188.00 and dressed purchases traded mostly from 285.00-292.00, respectively. In the Western Cornbelt live purchases traded mostly from 185.00-187.00 and dressed purchases traded mostly from 288.00-292.00, respectively.

Negotiated Sales:

Confirmed:          6,315

Week Ago:           3,029

Year Ago:              6,314

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,300

Weighted avg. weight:         858.00

Weighted avg. net price:     282.71

-

Cattle Slaughter under Federal Inspection

Friday                  124,000

Week Ago           118,000

Year Ago             125,000

Week to Date    506,000

Last Week          616,000

Last Year            512,000 

Thursday

Steers & Heifers:  100,000

Cows & Bulls:          27,000

-

Boxed Beef:

Cutout Values:

Choice: 309.93… +3.49

Select:  290.93… +4.61

Choice/Select Spread: 19.00

Total Load Count: 120

-

Cutter Cow Cutout:

224.87… -0.50

-

CME Feeder Cattle Index for June 1st:

208.04… -0.03 / -0.01%

1 Year Change: +34.84%

52 Week Range: 152.72 to 209.86

-

Futures Settlements…

Live Cattle:

June: 176.42… +1.52

August: 172.90… +0.53

October: 176.00… +0.13

-

Feeder Cattle:

August: 241.90… +0.25

September: 245.00… +0.05

October: 247.00… +0.03

-

June Lean Hogs: 86.72… +3.17

July Crude Oil: 71.74… +1.64

-

July Corn: 6.0900… +0.1650

July Wheat: 6.1900… +0.0825

-

Grain Cash Bids:

Omaha Corn: 6.79… +0.18

Kansas City Wheat: 7.72… -0.01

-

Financial Markets:

DJIA: 33,762.76… +700.40

S & P 500: 4,282.27… +61.18

NASDAQ: 13,240.77… +139.79

U.S. Dollar Index: 104.04… +0.48