Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday, negotiated trade was light on good demand in Nebraska and the Western Cornbelt. In Nebraska compared to last week early dressed purchases traded 8.00-15.00 higher mostly at 300.00. A few live purchases traded from 188.00-194.00, however not enough for an adequate market test. The latest established live market in Nebraska was last week with purchases from 183.00-189.00. In the Western Cornbelt compared to Tuesday, live purchases traded steady at 190.00. A few early dressed purchases traded at 300.00 however not enough for an adequate market test. Dressed purchases last week in the Western Cornbelt traded from 288.00-292.00. Trade was very limited on moderate to good demand in the Southern Plains, however not enough to for an adequate market test. The latest established market in the Southern Plains was last week with live purchases in the Texas Panhandle from 175.00-180.00 with live purchases in Kansas from 178.00-180.00.

Negotiated Sales:

Confirmed:       23,922

Week Ago:          1,331

Year Ago:          28,400

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,900

Weighted avg. weight:         845.00

Weighted avg. net price:     286.25

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Cattle Slaughter under Federal Inspection

Wednesday      124,000

Week Ago          127,000

Year Ago             125,000

Week to Date    370,000

Last Week          255,000

Last Year            374,000 

Tuesday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 325.19… +3.79

Select:  301.56… +2.12

Choice/Select Spread: 23.63

Total Load Count: 119

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Cutter Cow Cutout:

226.78… +0.11

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CME Feeder Cattle Index for June 6th:

219.28… +0.63 / +0.29%

1 Year Change: +38.19%

52 Week Range: 158.68 to 219.28

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Futures Settlements…

Live Cattle:

June: 179.00… -0.82

August: 173.20… -2.30

October: 175.62… -2.63

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Feeder Cattle:

August: 239.10… -4.15

September: 242.27… -4.25

October: 244.55… -4.27

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July Lean Hogs: 86.92… -1.40

July Crude Oil: 72.53… +0.79

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July Corn: 6.0425… -0.0375

July Wheat: 6.1675… -0.1100

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Grain Cash Bids:

Omaha Corn: 6.27… -0.13

Kansas City Wheat: 7.51… -0.29

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Financial Markets:

DJIA: 33,666.04… +93.44

S & P 500: 4,267.62… -16.11

NASDAQ: 13,104.89… -171.53

U.S. Dollar Index: 104.11… -0.02