Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade was at a standstill. In the Kansas, Nebraska and the Western Cornbelt negotiated cash trade has been mostly inactive on light demand. 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:            846

Week Ago:          6,767

Year Ago:          13,608

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,100

Weighted avg. weight:         893.00

Weighted avg. net price:     294.43

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Cattle Slaughter under Federal Inspection

Thursday            122,000

Week Ago            120,000

Year Ago              126,641

Week to Date     489,000

Last Week           480,000

Last Year             505,363

Wednesday

Steers & Heifers:    100,000

Cows & Bulls:            23,000

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Boxed Beef:

Cutout Values:

Choice: 295.39… -1.28

Select:  285.76… -2.49

Choice/Select Spread: 9.63

Total Load Count: 173

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Cutter Cow Cutout:

271.42… -0.25

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CME Feeder Cattle Index for May 8th:

240.38… +0.93 / +0.39%

1 Year Change: +20.54%

52 Week Range: 199.40 to 254.09

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Futures Settlements:

Live Cattle:

June: 175.95… -0.52

August: 173.72… -0.50

Oct: 177.00… -0.45

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Feeder Cattle:

May: 238.65… -1.55

August: 251.05… -1.35

September: 252.07… -1.33

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June Lean Hogs: 97.72… -1.00

June Crude Oil: 79.58… +0.59

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July Corn: 4.5650… -0.0200

July Wheat: 6.3750… +0.0350

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Grain Cash Bids:

Omaha Corn: 4.47… -0.02

Kansas City Wheat: 5.97… +0.03

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Financial Markets:

DJIA: 39,387.82… +332.29

S & P 500: 5,214.12… +26.45

NASDAQ: 16,346.26… +43.50

U.S. Dollar Index: 105.22… -0.33