Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live FOB purchases traded at 190.00. For the prior week in Nebraska live FOB purchases traded at 198.00, with few up to 200.00, and dressed delivered purchases traded at 312.00, with a few up to 317.00. For the previous week in the Western Cornbelt live FOB purchases traded from 197.00-200.00, with the bulk at 198.00, dressed delivered purchases traded at 312.00, with a few up to 317.00, on a light test.

Negotiated Sales:

Confirmed: 1,127

Week Ago:  1,181

Year Ago:    1,724

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,500

Weighted avg. weight:         874.00

Weighted avg. net price:     307.10

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Cattle Slaughter under Federal Inspection

Wednesday         120,000

Week Ago            117,000

Year Ago              126,433

Week to Date      353,000

Last Week            353,000

Last Year              206,115

Tuesday

Steers & Heifers:   95,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 329.84… -0.55

Select:  304.38… -2.10

Choice/Select Spread: 25.46

Total Load Count: 107

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Cutter Cow Cutout:

293.48… +3.46

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CME Feeder Cattle Index for July 2nd:

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: 185.92… +0.82

October: 186.85… +1.20

December: 188.85… +1.20

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Feeder Cattle:

August: 263.37… +2.27

September: 263.62… +2.30

October: 263.52… +2.07

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August Lean Hogs: 89.82… +0.05

July Crude Oil: 83.69… +0.88

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September Corn: 4.0550… -0.0250

September Wheat: 5.7400… -0.0700

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Grain Cash Bids:

Omaha Corn: 4.55… +0.07

Kansas City Wheat: 5.27… -0.08

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Financial Markets:

DJIA: 39,308.00… -23.85

S & P 500: 5,537.02… +27.98

NASDAQ: 18,188.30… +159.54

U.S. Dollar Index: 105.36… -0.36