Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday in all major feeding regions, negotiated cash trading has been at a standstill. The latest established market was last week in all regions. In the Southern Plains live purchases traded at 182.00. In Nebraska live and dressed purchases traded from 185.00-189.00 and at 296.00, respectively. In the Western Cornbelt live and dressed purchases traded from 186.00-188.00 and from 294.00-300.00, respectively.

Negotiated Sales:

Confirmed:        68

Week Ago:         74

Year Ago:        None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,600

Weighted avg. weight:         800.00

Weighted avg. net price:     299.06

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Cattle Slaughter under Federal Inspection

Monday              126,000

Week Ago          122,000

Year Ago            121,000

Friday

Steers & Heifers:  92,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 340.14… -2.95

Select:  310.76… -0.19

Choice/Select Spread: 29.38

Total Load Count: 101

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Cutter Cow Cutout:

231.66… +3.12

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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… Friday Closes due to Federal Holiday

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: 6.64… +0.11

Kansas City Wheat: 7.99… Unchanged

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Financial Markets: Friday Closes due to Federal Holiday

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