Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trade has been slow on light demand. There have been a few early live FOB purchases at 190.00, however not enough purchases for a market trend. Last week in the Texas Panhandle live FOB purchases traded from 189.00-190.00. In Kansas negotiated cash has been moderate on trade and demand. Compared to last week in live FOB purchases traded unevenly steady at 190.00. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on moderate demand. There have been a few early live FOB purchases at 198.00, however not enough trade for a market test. 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:   22,417

Week Ago:     8,699

Year Ago:     21,827

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,600

Weighted avg. weight:         865.00

Weighted avg. net price:     309.75

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Cattle Slaughter under Federal Inspection

Friday                   119,000

Week Ago            120,000

Year Ago              124,655

Week to Date       593,000

Last Week            601,000

Last Year              627,733

Thursday

Steers & Heifers:   98,000

Cows & Bulls:         22,000

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Boxed Beef:

Cutout Values:

Choice: 326.32… +2.99

Select:  304.50… +1.80

Choice/Select Spread: 21.82

Total Load Count: 94

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Cutter Cow Cutout:

294.86… +4.90

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CME Feeder Cattle Index for June 27th:

258.60… -0.44 / -0.17%

1 Year Change: +14.42%

52 Week Range: 215.33 to 259.04

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Futures Settlements:

June: 193.50… -0.67

August: 185.42… -1.03

Oct: 184.87… -0.88

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Feeder Cattle:

August: 259.30… -1.35

September: 259.65… -1.75

October: 260.00… -1.80

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August Lean Hogs: 89.50… +1.40

July Crude Oil: 81.37… -0.37

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September Corn: 4.0750… -0.1500

September Wheat: 5.7350… -0.0600

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Grain Cash Bids:

Omaha Corn: 4.25… -0.09

Kansas City Wheat: 5.29… -0.13

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Financial Markets:

DJIA: 39,122.94… -41.39

S & P 500: 5,460.30… -22.77

NASDAQ: 17,732.60… -126.08

U.S. Dollar Index: 105.87… -0.04