Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Southern Plains, negotiated cash trading has been inactive with very light demand. In Nebraska and Western Cornbelt negotiated cash trading has been limited with very light demand. Not enough purchases in any region for a market trend. In the Southern Plains the last reported market was on Wednesday with live FOB purchases traded at 188.00. In Nebraska the last reported live FOB purchase market was on Thursday with purchases at 198.00. The last reported dressed delivered purchase market was on Wednesday with purchases at 312.00, on a light test. In the Western Cornbelt the last reported live FOB purchase market was on Thursday with purchases from 197.00-198.50. Not enough dressed delivered purchases for a market trend. Last week dressed delivered purchases traded from 312.00-315.00.

Negotiated Sales:

Confirmed:     4,406

Week Ago:      8,916

Year Ago:      26,214

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,000

Weighted avg. weight:         865.00

Weighted avg. net price:     309,71

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Cattle Slaughter under Federal Inspection

Friday                   118,000

Week Ago            116,000

Year Ago              120,863

Week to Date      594,000

Last Week            475,000

Last Year              625,281

Thursday

Steers & Heifers:   98,000

Cows & Bulls:         24,000

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Boxed Beef:

Cutout Values:

Choice: 322.06… +0.41

Select:  302.31… -1.07

Choice/Select Spread: 19.75

Total Load Count: 102

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Cutter Cow Cutout:

292.77… -1.50

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CME Feeder Cattle Index for July 11th:

261.04 -0.49 / -0.19%

1 Year Change: +9.63%

52 Week Range: 215.33 to 261.53

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Futures Settlements:

Live Cattle:  

August: 182.37… +0.12

October: 184.07… +0.57

December: 185.47… +0.42

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Feeder Cattle:

August: 258.65… +2.50

September: 258.10… +1.75

October: 257.55… +1.45

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August Lean Hogs: 88.45… +1.78

July Crude Oil: 82.23… -0.39

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September Corn: 4.0200… +0.0175

September Wheat: 5.5075… -0.2050

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Grain Cash Bids:

Omaha Corn: 4.24… +0.03

Kansas City Wheat: 5.11… -0.16

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Financial Markets:

DJIA: 40,001.36… +247.87

S & P 500: 5,615.29… +30.83

NASDAQ: 18,398.45… +115.04

U.S. Dollar Index: 104.10… -0.34