Texas Daily Ag Market News Summary

The Daily Market News Report brought to you by The Cattle Range. Please visit their website for more information!

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Fed Cattle:  As of 3:00 PM, report unavailable.

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

Thursday          125,000

Week Ago          127,000

Year Ago            125,000

Week to Date    495,000

Last Week          382,000

Last Year            499,000 

Wednesday

Steers & Heifers:  98,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 328.73… +3.54

Select:  304.10… +2.54

Choice/Select Spread: 24.63

Total Load Count: 109

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Cutter Cow Cutout:

226.69… -0.09

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CME Feeder Cattle Index for June 7th:

222.20… +2.92 / +1.33%

1 Year Change: +39.05%

52 Week Range: 159.80 to 222.20

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Futures Settlements…

Live Cattle:

June: 178.77… -0.23

August: 172.25… -0.95

October: 174.70… -0.92

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Feeder Cattle:

August: 238.65… -0.45

September: 241.47… -0.80

October: 243.45… -1.10

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July Lean Hogs: 87.20… +0.28

July Crude Oil: 71.29… -1.24

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July Corn: 6.1025… +0.0600

July Wheat: 6.2625… +0.0950

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Grain Cash Bids:

Omaha Corn: 6.33… +0.06

Kansas City Wheat: 7.64… +0.13

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Financial Markets:

DJIA: 33,830.97… +164.93

S & P 500: 4,293.87… +26.25

NASDAQ: 13,238.52… +133.63

U.S. Dollar Index: 103.34… -0.77