Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been inactive with very light demand. Not enough purchases for a market trend. The last fully reported market was on Wednesday with live FOB purchases at 188.00. In Nebraska and Western Cornbelt negotiated cash trading has been slow with light to moderate demand. In Nebraska, compared to the last reported market on Wednesday, live FOB and dressed delivered purchases traded steady at 198.00 and 312.00, respectively. In the Western Cornbelt, compared to the last reported market on Wednesday, the bulk of live FOB purchases trades steady at 198.00, with a few up to 198.50. Not enough dressed delivered purchases for a market trend. Last week dressed delivered purchases traded from 312.00-315.00.

Negotiated Sales:

Confirmed:   12,132

Week Ago:      None

Year Ago:       19,778

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,800

Weighted avg. weight:         887.00

Weighted avg. net price:     307.77

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Cattle Slaughter under Federal Inspection

Thursday             122,000

Week Ago                6,000

Year Ago              126,543

Week to Date      476,000

Last Week            359,000

Last Year              504,418

Wednesday

Steers & Heifers:   99,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 321.65… -2.40

Select:  303.38… -0.56

Choice/Select Spread: 18.27

Total Load Count: 142

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Cutter Cow Cutout:

294.27… -2.06

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CME Feeder Cattle Index for July 10th:

261.53 +3.38 / +1.31%

1 Year Change: +9.73%

52 Week Range: 215.33 to 261.53

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Futures Settlements:

Live Cattle:  

August: 182.25… Unchanged

October: 183.50… +0.30

December: 185.05… +0.25

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Feeder Cattle:

August: 256.15… +1.80

September: 256.35… +1.78

October: 256.10… +1.30

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August Lean Hogs: 86.67… +2.00

July Crude Oil: 82.98… +0.88

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September Corn: 4.0025… +0.0450

September Wheat: 5.7125… +0.0975

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Grain Cash Bids:

Omaha Corn: 4.21… +0.10

Kansas City Wheat: 5.27… +0.18

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Financial Markets:

DJIA: 39,753.49… +32.39

S & P 500: 5,584.46… -49.35

NASDAQ: 18,283.41… -364.04

U.S. Dollar Index: 104.47… -0.58