Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM for Monday in all regions, negotiated cash trading has been at a standstill. The latest established market in all regions was last week. 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 from 183.00-189.00 and from 285.00-292.00, respectively. In the Western Cornbelt live and dressed purchases traded from 185.00-187.00 and from 288.00-292.00, respectively.

Negotiated Sales:

Confirmed:            328

Week Ago:           None

Year Ago:             None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   46,500

Weighted avg. weight:         859.00

Weighted avg. net price:     279.09

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Cattle Slaughter under Federal Inspection

Monday              121,000

Week Ago                2,000

Year Ago              123,000

Friday

Steers & Heifers:    96,000

Cows & Bulls:          28,000

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Boxed Beef:

Cutout Values:

Choice: 314.19… +4.26

Select:  296.73… +5.80

Choice/Select Spread: 17.46

Total Load Count: 98

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Cutter Cow Cutout:

225.95… +1.08

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CME Feeder Cattle Index for June 2nd:

216.12… +8.08 / +3.88%

1 Year Change: +36.33%

52 Week Range: 152.72 to 216.12

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Futures Settlements…

Live Cattle:

June: 177.15… +0.73

August: 173.27… +0.37

October: 176.32… +0.32

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Feeder Cattle:

August: 242.60… +0.70

September: 245.62… +0.62

October: 247.65… +0.65

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July Lean Hogs: 84.15… -0.50

July Crude Oil: 72.15… +0.41

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July Corn: 5.9750… -0.1150

July Wheat: 6.2400… +0.0500

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Grain Cash Bids:

Omaha Corn: 6.56… -0.23

Kansas City Wheat: 7.82… +0.10

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Financial Markets:

DJIA: 33,562.60… -200.16

S & P 500: 4,273.76… -8.51

NASDAQ: 13,229.43… -11.34

U.S. Dollar Index: 104.00… -0.02