Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday in the Texas Panhandle and Nebraska, negotiated cash trading has been at a standstill. In Kansas and 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 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:       693

Week Ago:        175

Year Ago:          368

Formula Net - Dressed Steers & Heifers:

Head count priced today:   43,900

Weighted avg. weight:         846.00

Weighted avg. net price:     303.24

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Cattle Slaughter under Federal Inspection

Tuesday             127,000

Week Ago          126,000

Year Ago             128,000

Week to Date    253,000

Last Week          248,000

Last Year            249,000 

Monday

Steers & Heifers:  101,000

Cows & Bulls:          25,000

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Boxed Beef:

Cutout Values:

Choice: 336.91… -3.23

Select:  307.93… -2.83

Choice/Select Spread: 28.98

Total Load Count: 121

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Cutter Cow Cutout:

230.54… -1.12

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CME Feeder Cattle Index for June 19th:

222.68… -1.08 / -0.48%

1 Year Change: +35.63%

52 Week Range: 160.56 to 228.25

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Futures Settlements…

Live Cattle:

June: 177.12… -1.23

August: 169.70… -2.02

October: 173.45… -1.90

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Feeder Cattle:

August: 232.15… -2.77

September: 235.62… -2.55

October: 237.77… -2.53

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July Lean Hogs: 95.85… +3.00

July Crude Oil: 70.50… -1.28

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July Corn: 6.4375… +0.0350

July Wheat: 6.9575… +0.0775

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Grain Cash Bids:

Omaha Corn: 6.63… -0.01

Kansas City Wheat: 7.95… -0.04

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Financial Markets:

DJIA: 34,053.87… -247.16

S & P 500: 4,388.80… -20.95

NASDAQ: 13,667.29… -22.28

U.S. Dollar Index: 102.55… +0.03