Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been limited on 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:    4,044

Week Ago:   23,922

Year Ago:       9,422

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,200

Weighted avg. weight:         848.00

Weighted avg. net price:     293.30

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Cattle Slaughter under Federal Inspection

Wednesday       126,000

Week Ago          124,000

Year Ago             127,000

Week to Date    374,000

Last Week          370,000

Last Year            371,000 

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 339.06… +1.07

Select:  309.26… -0.22

Choice/Select Spread: 29.80

Total Load Count: 97

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Cutter Cow Cutout:

229.17… +0.57

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CME Feeder Cattle Index for June 13th:

228.25… +0.05 / +0.05%

1 Year Change: +42.58%

52 Week Range: 160.08 to 228.25

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Futures Settlements…

Live Cattle:

June: 177.45… -1.97

August: 170.97… -2.95

October: 174.12… -2.90

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Feeder Cattle:

August: 235.90… -4.55

September: 239.12… -4.28

October: 241.20… -4.10

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July Lean Hogs: 92.77… +2.17

July Crude Oil: 68.27… -1.15

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July Corn: 6.0775… -0.0475

July Wheat: 6.3025… -0.0600

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Grain Cash Bids:

Omaha Corn: 6.16… -0.12

Kansas City Wheat: 7.42… +0.08

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Financial Markets:

DJIA: 33,980.72… -231.53

S & P 500: 4,372.67… +3.61

NASDAQ: 13,626.48… +53.16

U.S. Dollar Index: 103.02… -0.32