Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in Nebraska and Western Cornbelt, negotiated cash trade has been slow with light to moderate demand. In Nebraska, a few live and dressed purchases traded at 185.00 and from 294.00-296.50, respectively. In the Western Cornbelt, a few, live purchases traded at 188.00. In the Southern Plains negotiated cash trade has been mostly inactive with very light demand. However, not enough purchases for a market trend in any region. 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:   15,815

Week Ago:    12,170

Year Ago:      12,178

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,100

Weighted avg. weight:         852.00

Weighted avg. net price:     301.69

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Cattle Slaughter under Federal Inspection

Thursday           126,000

Week Ago          125,000

Year Ago             127,000

Week to Date    500,000

Last Week          495,000

Last Year            498,000 

Wednesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 342.07… +3.01

Select:  309.58… +0.32

Choice/Select Spread: 32.49

Total Load Count: 83

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Cutter Cow Cutout:

229.30… +0.13

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CME Feeder Cattle Index for June 14th:

227.68… -0.57 / -0.25%

1 Year Change: +41.80%

52 Week Range: 160.56 to 228.25

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Futures Settlements…

Live Cattle:

June: 177.57… +0.12

August: 171.07… +0.10

October: 174.35… +0.23

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Feeder Cattle:

August: 234.12… -1.78

September: 237.52… -1.60

October: 239.80… -1.40

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July Lean Hogs: 91.62… -0.85

July Crude Oil: 70.62… +2.35

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July Corn: 6.2325… +0.1550

July Wheat: 6.6150… +0.3125

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Grain Cash Bids:

Omaha Corn: 6.30… +0.14

Kansas City Wheat: 7.69… +0.27

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Financial Markets:

DJIA: 34,409.64… +428.92

S & P 500: 4,426.03… +53.36

NASDAQ: 13,782.82… +156.34

U.S. Dollar Index: 102.14… -0.81