Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in Kansas, Nebraska and Western Cornbelt, negotiated cash trading has been limited on light demand. In the Texas Panhandle negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a full market trend in any region. In the Southern Plains the most recent reported market was on Tuesday with live purchases at 182.00. In Nebraska, the most recent live purchase market was on Wednesday with live purchases from 182.00-185.00, and last week, dressed purchases traded at 296.00. In the Western Cornbelt, the most recent live purchase market was on Wednesday with live purchases from 184.00-185.00, and last week, dressed purchases traded from 294.00-300.00.

Negotiated Sales:

Confirmed:       15,093

Week Ago:        15,815

Year Ago:          28,110

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,900

Weighted avg. weight:         853.00

Weighted avg. net price:     295.78

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Cattle Slaughter under Federal Inspection

Thursday           125,000

Week Ago          126,000

Year Ago             123,000

Week to Date    503,000

Last Week          500,000

Last Year            498,000 

Wednesday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 334.47… +0.22

Select:  303.80… -0.45

Choice/Select Spread: 30.67

Total Load Count: 98

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Cutter Cow Cutout:

231.10… -0.10

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CME Feeder Cattle Index for June 21st:

221.73… -0.45 / -0.20%

1 Year Change: +34.19%

52 Week Range: 160.56 to 228.25

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Futures Settlements…

Live Cattle:

June: 177.65… +0.40

August: 171.15… +1.40

October: 174.67… +1.72

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Feeder Cattle:

August: 230.67… +2.95

September: 234.52… +3.10

October: 237.17… +3.27

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July Lean Hogs: 91.85… -2.90

August Crude Oil: 69.51… +3.02

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July Corn: 6.6050… -0.1050

July Wheat: 7.3900… +0.0450

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Grain Cash Bids:

Omaha Corn: 6.63… -0.12

Kansas City Wheat: 8.33… +0.01

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Financial Markets:

DJIA: 33,944.79… -6.66

S & P 500: 4,381.84… +16.11

NASDAQ: 13,630.61… +128.41

U.S. Dollar Index: 102.42… +0.33