Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday, negotiated cash trading has been inactive on light demand in all feeding regions. Not enough purchases for a market trend. In Kansas the last reported market was on Thursday with live purchases at 180.00. In the Western Cornbelt the last reported market was on Thursday with live and dressed purchases from 184.00-185.00 and at 290.00, respectively. In Nebraska the last reported dressed purchase market was on Thursday at 290.00 and the last reported live purchase market was on Wednesday from 182.00-185.00. The last reported market in the Texas Panhandle was on Tuesday with live purchases at 180.00.

Negotiated Sales:

Confirmed:       1,805

Week Ago:        9,932

Year Ago:          1,812

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,000

Weighted avg. weight:        846.00

Weighted avg. net price:    294.80

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Cattle Slaughter under Federal Inspection

Friday                 120,000

Week Ago          118,000

Year Ago             122,000

Week to Date    623,000

Last Week          618,000

Last Year            620,000 

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 334.01… -0.46

Select:  299.96… -3.84

Choice/Select Spread: 34.05

Total Load Count: 78

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Cutter Cow Cutout:

232.06… +0.96

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CME Feeder Cattle Index for June 22nd:

221.00… -0.73 / -0.33%

1 Year Change: +34.99%

52 Week Range: 162.90 to 228.25

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Futures Settlements…

Live Cattle:

June: 177.50… -0.15

August: 170.77… -0.38

October: 174.50… -0.17

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Feeder Cattle:

August: 233.95… +3.28

September: 237.70… +3.18

October: 240.15… +2.98

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July Lean Hogs: 91.27… -0.58

August Crude Oil: 69.16… -0.35

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July Corn: 6.3075… -0.2975

July Wheat: 7.3325… -0.0575

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Grain Cash Bids:

Omaha Corn: 6.41… -0.22

Kansas City Wheat: 8.07… -0.26

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Financial Markets:

DJIA: 33,728.69… -216.10

S & P 500: 4,348.37… -33.47

NASDAQ: 13,492.52… -138.09

U.S. Dollar Index: 102.92… +0.54