Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trading has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded from 189.00-190.00. In Kansas, Nebraska and Western Cornbelt negotiated cash trading has been inactive on light demand. Last week in Kansas live FOB purchases traded from 188.00-191.00, with a few up to 198.00. Last week in Nebraska, live FOB purchases traded from 197.00-198.00, with few up to 198.50, dressed delivered purchases from 310.00-312.00. Last week in the Western Cornbelt live FOB purchases traded from 197.00-198.00, dressed delivered purchases at 310.00, with a few up to 314.00, on a light test.

Negotiated Sales:

Confirmed:       925

Week Ago:        453

Year Ago:     13,674

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,000

Weighted avg. weight:         901.00

Weighted avg. net price:     307.92

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Cattle Slaughter under Federal Inspection

Thursday            121,000

Week Ago            121,000

Year Ago              125,676

Week to Date     474,000

Last Week           481,000

Last Year             503,078

Wednesday

Steers & Heifers:   92,000

Cows & Bulls:         25,000

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Boxed Beef:

Cutout Values:

Choice: 323.33… +0.48

Select:  302.70… -0.16

Choice/Select Spread: 20.63

Total Load Count: 117

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Cutter Cow Cutout:

289.96… +1.83

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CME Feeder Cattle Index for June 26th:

259.04… +0.73 / +0.28%

1 Year Change: +15.14%

52 Week Range: 215.33 to 259.04

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Futures Settlements:

June: 194.17… +1.25

August: 186.45… -0.30

Oct: 185.75… -0.37

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Feeder Cattle:

August: 260.65… -1.12

September: 261.40… -1.07

October: 261.80… -1.10

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August Lean Hogs: 88.10… -0.87

July Crude Oil: 81.96… +1.06

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September Corn: 4.2250… -0.0300

September Wheat: 5.7950… +0.1900

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Grain Cash Bids:

Omaha Corn: 4.34… -0.05

Kansas City Wheat: 5.42… +0.12

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Financial Markets:

DJIA: 39,164.33… +36.60

S & P 500: 5,483.07… +5.23

NASDAQ: 17,858.68… +53.32

U.S. Dollar Index: 105.93… -0.12