Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in Kansas, negotiated cash trading has been moderate with good demand. Compared to last week live purchases traded 6.00-8.00 higher at 186.00. In Nebraska negotiated cash trading has been slow with light demand. Compared to the last reported market on Wednesday live purchases traded 1.00-2.00 lower at 189.00. Not enough dressed purchases for a market trend. Wednesday was the last reported dressed purchase market at 300.00. In the Western Cornbelt negotiated cash trading has been limited on light demand. In the Texas Panhandle negotiated cash trading has been mostly inactive with very light demand. Not enough purchases in these two regions for a market trend. Thursday was the last reported market in the Texas Panhandle with live purchases at 185.00. Wednesday was the last reported market in the Western Cornbelt with live and dressed purchases trading at 190.00 and from 298.00-300.00, respectively.

Negotiated Sales:

Confirmed:       14,446

Week Ago:          6,315

Year Ago:          11,951

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,100

Weighted avg. weight:         850.00

Weighted avg. net price:     289.88

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Cattle Slaughter under Federal Inspection

Friday                 120,000

Week Ago          124,000

Year Ago             124,000

Week to Date    615,000

Last Week          506,000

Last Year            623,000 

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 332.93… +4.20

Select:  305.71… +1.61

Choice/Select Spread: 27.22

Total Load Count: 80

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Cutter Cow Cutout:

228.02… +1.33

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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: 160.08 to 222.20

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Futures Settlements…

Live Cattle:

June: 178.22… -0.55

August: 171.85… -0.40

October: 174.80… +0.10

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Feeder Cattle:

August: 239.00… +0.35

September: 241.70… +0.23

October: 243.50… +0.05

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July Lean Hogs: 89.62… +2.42

July Crude Oil: 70.17… -1.12

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July Corn: 6.0425… -0.0600

July Wheat: 6.3025… +0.0400

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Grain Cash Bids:

Omaha Corn: 6.18… -0.15

Kansas City Wheat: 7.54… -0.10

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Financial Markets:

DJIA: 33,877.24… +46.27

S & P 500: 4,298.95… +5.08

NASDAQ: 13,259.14… +20.62

U.S. Dollar Index: 103.60… +0.26