Texas Ag Daily Market Summary

Fed Cattle:

As of 3:00 PM Monday in all trading regions, negotiated cash trade have been at a standstill. Last week in the Southern Plains live FOB purchases traded at 188.00. Last week in Nebraska live FOB purchases traded at 198.00 and dressed delivered purchases traded at 312.00, with a few up to 315.00. Last week in the Western Cornbelt live FOB purchases ranged from 190.00-199.00, with the bulk steady at 198.00, and dressed delivered purchases ranged from 310.00-317.00, with the bulk at 312.00.

Negotiated Sales:

Confirmed:        180

Week Ago:         351

Year Ago:           865

Formula Net - Dressed Steers & Heifers:

Head count priced today:   43,700

Weighted avg. weight:        895.00

Weighted avg. net price:     309.58

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Cattle Slaughter under Federal Inspection

Monday               118,000

Week Ago            112,000

Year Ago              119,532

Week to Date      118,000

Last Week            112,000

Last Year              119,532

Monday

Steers & Heifers:   97,000

Cows & Bulls:         21,000

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Boxed Beef:

Cutout Values:

Choice: 321.49… -0.57

Select:  304.82… +2.51

Choice/Select Spread: 16.67

Total Load Count: 89

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Cutter Cow Cutout:

295.78… +3.01

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CME Feeder Cattle Index for July 12th:

261.88… +0.49 / +0.84%

1 Year Change: +9.63%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 182.12… -0.25

October: 183.80… -0.27

December: 185.65… +0.18

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Feeder Cattle:

August: 258.77… +0.12

September: 258.90… +0.80

October: 258.47… +0.92

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August Lean Hogs: 88.42… -0.03

July Crude Oil: 81.99… -0.22

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September Corn: 3.9050… -0.1150

September Wheat: 5.3250… -0.1825

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Grain Cash Bids:

Omaha Corn: 4.15… -0.09

Kansas City Wheat: 4.99… -0.12

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Financial Markets:

DJIA: 40,212.31… +210.95

S & P 500: 5,631.33… +16.04

NASDAQ: 18,472.57… +74.12

U.S. Dollar Index: 104.23… -0.14