Texas Ag Daily Market Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle, negotiated cash trade has been slow on light demand. In Kansas negotiated cash trading has been slow on light to moderate demand. Last week in the Southern Plains live FOB purchases traded at 188.00. In Nebraska negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trading was mostly inactive on light demand. 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:      7,384

Week Ago:       9,121

Year Ago:           142

Formula Net - Dressed Steers & Heifers:

Head count priced today:  20,700

Weighted avg. weight:        865.00

Weighted avg. net price:    314.89

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Cattle Slaughter under Federal Inspection

Wednesday         121,000

Week Ago             122,000

Year Ago               122,216

Week to Date       360,000

Last Week WTD   354,000

Last Year WTD     368,990

Tuesday

Steers & Heifers:   98,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 318.16… -1.10

Select:  298.44… -3.15

Choice/Select Spread: 19.72

Total Load Count: 163

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Cutter Cow Cutout:

294.80… +0.36

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CME Feeder Cattle Index for July 16th:

261.32… -0.05 / -0.02%

1 Year Change: +9.92%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 184.27… +1.60

October: 185.57… +1.05

December: 187.30… +0.85

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Feeder Cattle:

August: 258.55… -0.07

September: 259.55… +0.03

October: 259.40… +0.15

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August Lean Hogs: 91.65… +0.38

July Crude Oil: 82.86… +2.10

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September Corn: 3.9800… +0.0225

September Wheat: 5.3925… +0.0850

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Grain Cash Bids:

Omaha Corn: 4.18… -0.02

Kansas City Wheat: 5.11… +0.18

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Financial Markets:

DJIA: 41,198.21… +243.08

S & P 500: 5,588.29… -78.95

NASDAQ: 17,996.92… -512.42

U.S. Dollar Index: 103.75… -0.52