Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Texas Panhandle and Nebraska, negotiated cash trading has been at a standstill. In Kansas negotiated cash trading has been inactive on very light demand. In the Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases in any price range for a full market trend. 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:   2,518

Week Ago:    1,842

Year Ago:          201

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,200

Weighted avg. weight:        882.00

Weighted avg. net price:    310.34

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Cattle Slaughter under Federal Inspection

Tuesday               120,000

Week Ago            118,000

Year Ago              128,366

Week to Date      232,000

Last Week            233,000

Last Year              250,486

Monday

Steers & Heifers:   92,000

Cows & Bulls:         20,000

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Boxed Beef:

Cutout Values:

Choice: 325.66… -4.81

Select:  304.31… -0.41

Choice/Select Spread: 21.35

Total Load Count: 130

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Cutter Cow Cutout:

291.51… +0.21

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CME Feeder Cattle Index for July 8th:

257.33 -0.96 / -0.37%

1 Year Change: +7.82%

52 Week Range: 215.33 to 259.04

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Futures Settlements:

Live Cattle:  

August: 182.35… -2.00

October: 183.30… -2.00

December: 185.37… -1.88

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Feeder Cattle:

August: 255.72… -3.45

September: 256.82… -3.80

October: 257.20… -3.52

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August Lean Hogs: 88.40… -1.12

July Crude Oil: 81.52… -0.81

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September Corn: 3.9400… +0.0075

September Wheat: 5.7200… +0.0150

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Grain Cash Bids:

Omaha Corn: 4.03… Unchanged

Kansas City Wheat: 5.21… +0.01

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Financial Markets:

DJIA: 39,292.04… -52.56

S & P 500: 5,577.05… +4.20

NASDAQ: 18,429.29… +25.55

U.S. Dollar Index: 105.11… +0.10