Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 190.00. In Nebraska and the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. 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. 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: 1,842

Week Ago:     253

Year Ago:       493

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,000

Weighted avg. weight:        875.00

Weighted avg. net price:    311.12

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Cattle Slaughter under Federal Inspection

Tuesday               118,000

Week Ago            121,000

Year Ago                  2,466

Week to Date      233,000

Last Week            236,000

Last Year               79,682

Monday

Steers & Heifers:  93,000

Cows & Bulls:        22,000

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Boxed Beef:

Cutout Values:

Choice: 330.39… +1.21

Select:  306.48… +0.07

Choice/Select Spread: 23.91

Total Load Count: 115

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Cutter Cow Cutout:

290.02… -0.08

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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:

Live Cattle:  

August: 185.10… +0.83

October: 185.65… +1.50

December: 187.65… 2.10

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Feeder Cattle:

August: 261.10… +3.73

September: 261.32… +3.37

October: 261.45… +3.28

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August Lean Hogs: 89.77… +1.60

July Crude Oil: 83.00… -0.38

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September Corn: 4.0800… -0.0100

September Wheat: 5.8100… -0.0925

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Grain Cash Bids:

Omaha Corn: 4.33… +0.07

Kansas City Wheat: 5.35… -0.08

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Financial Markets:

DJIA: 39,331.85… +162.60

S & P 500: 5,509.04… +33.95

NASDAQ: 18,028.76… +149.36

U.S. Dollar Index: 105.69… -0.21