Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trade was at a standstill. Last week in the Southern Plains live FOB purchases traded at 184.00. Last week in Nebraska live FOB purchases from 186.00-187.00, mostly at 187.00 and dressed delivered purchases traded from 294-295.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week live FOB purchases traded from 185.00-187.00 and dressed delivered purchases traded at mostly 295.00.

Negotiated Sales:

Confirmed:           199

Week Ago:            414

Year Ago:               38

Formula Net - Dressed Steers & Heifers:

Head count priced today:   40,400

Weighted avg. weight:         876.00

Weighted avg. net price:     292.41

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Cattle Slaughter under Federal Inspection

Monday              120,000

Week Ago           113,000

Year Ago             124,823

Week to Date     120,000

Last Week           113,000

Last Year             124,823

Monday

Steers & Heifers:      96,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 298.76… +4.56

Select:  289.75… +2.10

Choice/Select Spread: 9.01

Total Load Count: 78

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Cutter Cow Cutout:

272.89… +3.23

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CME Feeder Cattle Index for May 3rd:

240.05… -2.34 / -0.97%

1 Year Change: +20.02%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

June: 176.97… +0.30

August: 174.42… -0.15

Oct: 177.87… -0.18

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Feeder Cattle:

May: 241.40… -1.90

August: 252.87… -1.88

September: 253.87… -1.90

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June Lean Hogs: 98.17… -0.78

June Crude Oil: 78.61… +0.50

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July Corn: 4.6900… -0.0875

July Wheat: 6.4875… +0.2625

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Grain Cash Bids:

Omaha Corn: 4.61… +0.09

Kansas City Wheat: 6.20… +0.25

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Financial Markets:

DJIA: 38,851.94… +176.06

S & P 500: 5,180.76… +53.02

NASDAQ: 16,349.25… +192.92

U.S. Dollar Index: 105.11… +0.08