Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive with very light demand. Not enough purchases for a market trend. 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:       175

Week Ago:     9,013

Year Ago:     14,318

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,300

Weighted avg. weight:         852.00

Weighted avg. net price:     294.42

-

Cattle Slaughter under Federal Inspection

Tuesday             126,000

Week Ago           125,000

Year Ago             124,000

Week to Date     248,000

Last Week          246,000

Last Year            244,000 

Monday

Steers & Heifers:  96,000

Cows & Bulls:        26,000

-

Boxed Beef:

Cutout Values:

Choice: 337.99… +0.56

Select:  309.48… -0.76

Choice/Select Spread: 28.51

Total Load Count: 137

-

Cutter Cow Cutout:

228.60… +1.09

-

CME Feeder Cattle Index for June 12th:

228.20… +0.21 / +0.09%

1 Year Change: +42.46%

52 Week Range: 160.08 to 228.20

-

Futures Settlements…

Live Cattle:

June: 179.42… +0.35

August: 173.92… +0.72

October: 177.02… +0.55

-

Feeder Cattle:

August: 240.05… +1.40

September: 243.40… +1.33

October: 245.30… +1.18

-

July Lean Hogs: 90.60… -1.00

July Crude Oil: 69.42… +2.30

-

July Corn: 6.1250… -0.0475

July Wheat: 6.3625… +0.0250

-

Grain Cash Bids:

Omaha Corn: 6.28… -0.05

Kansas City Wheat: 7.50… -0.05

-

Financial Markets:

DJIA: 34,212.25… +145.00

S & P 500: 4,369.06… +29.98

NASDAQ: 13,573.32… +111.40

U.S. Dollar Index: 103.30… -0.35