Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in all trading regions, 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:            116

Week Ago:          1,034

Year Ago:            5,354

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,000

Weighted avg. weight:        879.00

Weighted avg. net price:    292.97

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Cattle Slaughter under Federal Inspection

Wednesday        123,000

Week Ago           123,000

Year Ago             125,280

Week to Date     367,000

Last Week           360,000

Last Year             378,722

Tuesday

Steers & Heifers:    100,000

Cows & Bulls:           24,000

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Boxed Beef:

Cutout Values:

Choice: 296.67… -1.82

Select:  288.25… -4.09

Choice/Select Spread: 8.42

Total Load Count: 145

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Cutter Cow Cutout:

271.67… +5.45

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CME Feeder Cattle Index for May 7th:

239.45… -0.08 / -0.03%

1 Year Change: +19.72%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

June: 176.47… -1.15

August: 174.22… -1.30

Oct: 177.45… -1.47

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Feeder Cattle:

May: 240.20… -1.95

August: 252.40… -2.02

September: 253.40… -2.05

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June Lean Hogs: 98.72… +0.40

June Crude Oil: 79.13… +0.75

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July Corn: 4.5850… -0.0850

July Wheat: 6.3400… -0.0875

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Grain Cash Bids:

Omaha Corn: 4.49… -0.10

Kansas City Wheat: 5.94… -0.15

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Financial Markets:

DJIA: 39,055.53… +171.73

S & P 500: 5,187.67… -0.04

NASDAQ: 16,302.76… -29.80

U.S. Dollar Index: 105.56… +0.15