Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday negotiated cash trading has been limited on light demand in the Southern Plains. Not enough purchases for a market trend. On Tuesday, live purchases traded at 180.00. In Nebraska, negotiated cash trading has been limited on light demand with a few live purchases from 182.00 to 185.00, however not enough purchases for a market trend. The latest established market in Nebraska was last week with live and dressed purchases traded from 185.00-189.00 and at 296.00, respectively. In the Western Cornbelt, negotiated cash trading has been slow on light demand with live purchases 2.00 to 3.00 lower compared to last week from 184.00-185.00. Not enough dressed purchases for a market trend. The latest established dressed market in the Western Cornbelt was last week with purchases from 294.00-300.00.

Negotiated Sales:

Confirmed:       15,229

Week Ago:          4,044

Year Ago:          11,163

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,400

Weighted avg. weight:         853.00

Weighted avg. net price:     298.94

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Cattle Slaughter under Federal Inspection

Wednesday       125,000

Week Ago           126,000

Year Ago             126,000

Week to Date    378,000

Last Week          374,000

Last Year            375,000 

Tuesday

Steers & Heifers:  100,000

Cows & Bulls:          27,000

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Boxed Beef:

Cutout Values:

Choice: 334.25… -2.66

Select:  304.25… -3.68

Choice/Select Spread: 30.00

Total Load Count: 139

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Cutter Cow Cutout:

231.20… +0.66

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CME Feeder Cattle Index for June 20th:

222.18… -0.50 / -0.22%

1 Year Change: +34.48%

52 Week Range: 160.56 to 228.25

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Futures Settlements…

Live Cattle:

June: 177.25… +0.13

August: 169.75… +0.05

October: 172.95… -0.50

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Feeder Cattle:

August: 227.72… -4.43

September: 231.42… -4.20

October: 233.90… -3.87

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July Lean Hogs: 94.75… -1.10

August Crude Oil: 72.53… +1.34

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July Corn: 6.7100… +0.2725

July Wheat: 7.3450… -0.3875

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Grain Cash Bids:

Omaha Corn: 6.91… +0.28

Kansas City Wheat: 8.32… +0.37

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Financial Markets:

DJIA: 33,951.45… -102.42

S & P 500: 4,365.73… -23.07

NASDAQ: 13,502.20… -165.09

U.S. Dollar Index: 102.09… -0.46