Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday in all regions negotiated cash trading was at a standstill. The latest established market was last week in all regions. In the Texas Panhandle live purchases traded at 185.00. In Kansas live purchases traded at 186.00. In Nebraska live and dressed purchases traded from 189.00-192.00 and at 300.00, respectively. In the Western Cornbelt live and dressed purchases traded at 190.00 and from 298.00-300.00, respectively.

Negotiated Sales:

Confirmed:       74

Week Ago:      328

Year Ago:          76

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32.400

Weighted avg. weight:         859.00

Weighted avg. net price:     289.42

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Cattle Slaughter under Federal Inspection

Monday             125,000

Week Ago          121,000

Year Ago            120,000

Friday

Steers & Heifers:  88,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 337.43… +4.50

Select:  310.24… +4.53

Choice/Select Spread: 27.19

Total Load Count: 80

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Cutter Cow Cutout:

227.51… -0.51

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CME Feeder Cattle Index for June 9th:

227.99… +1.81 / +0.80%

1 Year Change: +42.24%

52 Week Range: 160.08 to 227.99

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Futures Settlements…

Live Cattle:

June: 179.07… +0.85

August: 173.20… +1.35

October: 176.47… +1.67

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Feeder Cattle:

August: 239.05… +0.05

September: 242.07… +0.37

October: 244.12… +0.62

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July Lean Hogs: 91.60… +1.98

July Crude Oil: 67.12… -3.05

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July Corn: 6.1725… +0.1300

July Wheat: 6.3375… +0.0350

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Grain Cash Bids:

Omaha Corn: 6.33… +0.07

Kansas City Wheat: 7.55… +0.01

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Financial Markets:

DJIA: 34,067.25… +190.01

S & P 500: 4,339.08… +40.13

NASDAQ: 13,461.92… +202.78

U.S. Dollar Index: 103.60… +0.04