Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in the Southern Plains, negotiated cash trading has been limited on light demand. A few live purchases have traded at 182.00, however, not enough for a full market trend. Last week in the Texas Panhandle live purchases at 185.00. Last week in Kansas live purchases traded at 186.00. Thus far for Friday in Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases for a market trend in these regions. In Nebraska Thursday was the last reported market with live purchases at mostly 185.00 and dressed purchases at 296.00. In the Western Cornbelt last week live and dressed purchases traded at 190.00 and from 298.00-300.00, respectively.

Negotiated Sales:

Confirmed:     9,832

Week Ago:    14,446

Year Ago:       1,478

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,700

Weighted avg. weight:       832.00

Weighted avg. net price:   299.48

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Cattle Slaughter under Federal Inspection

Friday                 118,000

Week Ago          115,000

Year Ago            123,000

Week to Date    618,000

Last Week          610,000

Last Year            621,000 

Thursday

Steers & Heifers:  97,000

Cows & Bulls:        29,000

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Boxed Beef:

Cutout Values:

Choice: 343.09… +1.02

Select:  310.95… +1.37

Choice/Select Spread: 32.14

Total Load Count: 74

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Cutter Cow Cutout:

228.54… -0.76

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CME Feeder Cattle Index for June 15th:

223.76… -3.92 / -1.72%

1 Year Change: +37.98%

52 Week Range: 160.56 to 228.25

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Futures Settlements…

Live Cattle:

June: 178.35… +0.78

August: 171.72… +0.65

October: 175.35… +1.00

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Feeder Cattle:

August: 234.92… +0.80

September: 238.17… +0.65

October: 240.30… +0.50

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July Lean Hogs: 92.85… +0.93

July Crude Oil: 71.78… +1.16

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July Corn: 6.4025… +0.1700

July Wheat: 6.8800… +0.2650

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Grain Cash Bids:

Omaha Corn: 6.53… +0.23

Kansas City Wheat: 7.99… +0.30

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Financial Markets:

DJIA: 34,301.03… -108.61

S & P 500: 4,409.75… -16.28

NASDAQ: 13,689.57… -93.25

U.S. Dollar Index: 102.29… +0.17

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