Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 190.00. Last week in Nebraska live FOB purchases traded at 198.00, with few up to 200.00, dressed delivered purchases at 312.00, with a few up to 317.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week in the Western Cornbelt live FOB purchases traded from 197.00-200.00, with the bulk of the purchases at 198.00, dressed delivered purchases traded at 312.00, with a few up to 317.00, on a light test.

Negotiated Sales:

Confirmed:   308

Week Ago:    518

Year Ago:       245

Formula Net - Dressed Steers & Heifers:

Head count priced today:   43,800

Weighted avg. weight:         882.00

Weighted avg. net price:     305.10

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Cattle Slaughter under Federal Inspection

Monday              115,000

Week Ago           115,000

Year Ago               77,216

Week to Date     115,000

Last Week          115,000

Last Year              77,216

Friday

Steers & Heifers:   96,000

Cows & Bulls:        23,000

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Boxed Beef:

Cutout Values:

Choice: 329.18… +2.86

Select:  306.41… +1.91

Choice/Select Spread: 22.77

Total Load Count: 98

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Cutter Cow Cutout:

290.10… -4.76

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CME Feeder Cattle Index for June 28th:

256.04… -3.00 / -1.16%

1 Year Change: +10.45%

52 Week Range: 215.33 to 259.04

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Futures Settlements:

August: 184.27… -1.15

October: 184.15… -0.72

December: 185.55… -0.35

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Feeder Cattle:

August: 257.37… -1.93

September: 257.95… -1.70

October: 258.17… -1.83

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August Lean Hogs: 88.17… -1.33

July Crude Oil: 83.57… +2.03

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September Corn: 4.0700… -0.0050

September Wheat: 5.9025… +0.1675

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Grain Cash Bids:

Omaha Corn: 4.26… +0.01

Kansas City Wheat: 5.43… +0.14

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Financial Markets:

DJIA: 39,169.25… +46.31

S & P 500: 5,475.09… +14.79

NASDAQ: 17,879.30… +146.70

U.S. Dollar Index: 105.84… -0.03