Texas Daily Ag Market News Summary

Friday & Saturday auctions closed for the July 4th Holiday

Fed Cattle:

As of 3:00 PM Monday 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. Last week in the Texas Panhandle live FOB purchases traded at 190.00. In Kansas last week live FOB purchases traded from 190.00-193.00. For the prior week in Nebraska live FOB purchases traded at 198.00 and dressed delivered purchases traded at 314.00. In the Western Cornbelt for the previous week live FOB purchases traded from 198.00-200.00 and dressed delivered purchases traded from 312.00-315.00.

Negotiated Sales:

Confirmed:   351

Week Ago:    308

Year Ago:      117

Formula Net - Dressed Steers & Heifers:

Head count priced today:  40,000

Weighted avg. weight:        882.00

Weighted avg. net price:    308.99

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Cattle Slaughter under Federal Inspection:

Monday               115,000

Week Ago            115,000

Year Ago              122,120

Week to Date      115,000

Last Week            115,000

Last Year              122,120

Friday

Steers & Heifers:   42,000

Cows & Bulls:         19,000

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Boxed Beef:

Cutout Values:

Choice: 330.47… +0.04

Select:  304.72… -0.34

Choice/Select Spread: 25.75

Total Load Count: 89

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Cutter Cow Cutout:

291.30… -0.44

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CME Feeder Cattle Index for July 5th:

258.29… +3.21 / +1.26%

1 Year Change: +8.23%

52 Week Range: 215.33 to 259.04

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Futures Settlements:

Live Cattle:  

August: 184.35… -2.07

October: 185.30… -1.87

December: 187.25… -1.52

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Feeder Cattle:

August: 259.17… -2.30

September: 260.62… -1.60

October: 260.72… -1.50

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August Lean Hogs: 89.52… +0.35

July Crude Oil: 83.15… -0.01

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September Corn: 3.9325… -0.1725

September Wheat: 5.7050… -0.2000

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Grain Cash Bids:

Omaha Corn: 4.03… -0.22

Kansas City Wheat: 5.20… -0.22

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Financial Markets:

DJIA: 39,344.60… -31.40

S & P 500: 5,572.85… +5.68

NASDAQ: 18,403.74… +50.98

U.S. Dollar Index: 105.01… +0.13