Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in the Southern Plains, Nebraska and the Western Cornbelt negotiated cash trade has been 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. Last week in the Western Cornbelt live FOB purchases traded from 185.00-187.00 and dressed delivered purchases traded at mostly 295.00.

Negotiated Sales:

Confirmed:            346

Week Ago:          1,051

Year Ago:              436

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,000

Weighted avg. weight:         878.00

Weighted avg. net price:     294.20

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Cattle Slaughter under Federal Inspection

Tuesday              124,000

Week Ago           124,000

Year Ago             128,619

Week to Date     244,000

Last Week           237,000

Last Year             253,422

Monday

Steers & Heifers:      99,000

Cows & Bulls:            21,000

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Boxed Beef:

Cutout Values:

Choice: 298.49… -0.27

Select:  292.34… +2.59

Choice/Select Spread: 6.15

Total Load Count: 100

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Cutter Cow Cutout:

266.22… -6.67

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CME Feeder Cattle Index for May 6th:

239.53… -0.52 / -0.22%

1 Year Change: +19.76%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

June: 177.62… +0.65

August: 175.52… +1.10

Oct: 178.92… +1.05

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Feeder Cattle:

May: 242.15… +0.75

August: 254.42… +1.55

September: 255.45… +1.58

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June Lean Hogs: 98.32… +0.15

June Crude Oil: 78.47… -0.01

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July Corn: 4.6700… -0.0200

July Wheat: 6.4275… -0.0600

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Grain Cash Bids:

Omaha Corn: 4.59… -0.02

Kansas City Wheat: 6.09… -0.11

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Financial Markets:

DJIA: 38,883.80… +31.86

S & P 500: 5,1873.71… +6.95

NASDAQ: 16,332.56… -16.69

U.S. Dollar Index: 105.36… +0.31