Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Southern Plains and the Western Cornbelt, negotiated cash trade has been at a standstill. In Nebraska negotiated cash trading has been mostly inactive on light demand. 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:         187

Week Ago:       2,518

Year Ago:            394

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,200

Weighted avg. weight:         893.00

Weighted avg. net price:     311.74

-

Cattle Slaughter under Federal Inspection

Tuesday               121,000

Week Ago             120,000

Year Ago               127,242

Week to Date       239,000

Last Week WTD    232,000

Last Year WTD     246,774

Monday

Steers & Heifers:   96,000

Cows & Bulls:         22,000

-

Boxed Beef:

Cutout Values:

Choice: 319.26… -2.23

Select:  301.59… -3.23

Choice/Select Spread: 17.67

Total Load Count: 150

-

Cutter Cow Cutout:

294.44… -1.34

-

CME Feeder Cattle Index for July 15th:

261.37… -0.51 / -0.19%

1 Year Change: +9.94%

52 Week Range: 215.33 to 261.88

-

Futures Settlements:

Live Cattle:  

August: 182.67… +0.55

October: 184.52… +0.72

December: 186.45… +0.80

-

Feeder Cattle:

August: 258.62… -0.15

September: 259.52… +0.62

October: 259.25… +0.78

-

August Lean Hogs: 91.27… +2.85

July Crude Oil: 80.86… -1.05

-

September Corn: 3.9575… +0.0525

September Wheat: 5.3075… -0.0175

-

Grain Cash Bids:

Omaha Corn: 4.20… +0.05

Kansas City Wheat: 4.93… -0.06

-

Financial Markets:

DJIA: 40,955.13… +742.82

S & P 500: 5,667.24… +35.91

NASDAQ: 18,509.34… +36.77

U.S. Dollar Index: 104.22… +0.02