Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Southern Plains, negotiated cash trading has been slow on light demand. Compared to the last reported market on Tuesday, live FOB purchases traded steady at 188.00. In Nebraska 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 either of these regions for a full market trend. 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:   9,121

Week Ago:    1,127

Year Ago:        309

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,200

Weighted avg. weight:        872.00

Weighted avg. net price:    310.80

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Cattle Slaughter under Federal Inspection

Wednesday        122,000

Week Ago            120,000

Year Ago              127,389

Week to Date      354,000

Last Week            353,000

Last Year              377,875

Tuesday

Steers & Heifers:   98,000

Cows & Bulls:         22,000

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Boxed Beef:

Cutout Values:

Choice: 324.05… -1.61

Select:  303.94… -0.37

Choice/Select Spread: 20.11

Total Load Count: 156

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Cutter Cow Cutout:

296.33… +4.82

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CME Feeder Cattle Index for July 9th:

258.15 +0.82 / +0.32%

1 Year Change: +8.17%

52 Week Range: 215.33 to 259.04

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Futures Settlements:

Live Cattle:  

August: 182.25… -0.10

October: 183.20… -0.10

December: 184.80… -0.57

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Feeder Cattle:

August: 254.35… -1.37

September: 255.57… -2.25

October: 254.80… -2.40

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August Lean Hogs: 84.67… -3.73

July Crude Oil: 82.45… +1.04

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September Corn: 3.9575… +0.0175

September Wheat: 5.6150… -0.1050

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Grain Cash Bids:

Omaha Corn: 4.11… +0.08

Kansas City Wheat: 5.09… -0.12

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Financial Markets:

DJIA: 39,721.10… +429.06

S & P 500: 5,633.81… +56.76

NASDAQ: 18,647.45… +218.16

U.S. Dollar Index: 105.03… -0.10