Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been mostly inactive on light demand. The most recent market in the in the Texas Panhandle was Wednesday with live FOB purchases from 188.00-188.50. The most recent market in the in Kansas was Wednesday with live FOB purchases from 187.00-188.00, on a light test. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on light to moderate demand. Last week in Nebraska live FOB purchases traded at 198.00. Compared to last week dressed delivered purchases traded at 2.00 lower at 310.00. Last week in the Western Cornbelt live FOB purchases ranged from 190.00-199.00, with the bulk steady at the bulk at 312.00.

Negotiated Sales:

Confirmed:     16,612

Week Ago:      12,132

Year Ago:          2,816

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,200

Weighted avg. weight:         911.00

Weighted avg. net price:     308.29

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Cattle Slaughter under Federal Inspection

Thursday             115,000

Week Ago             122,000

Year Ago               124,355

Week to Date       475,000

Last Week WTD   476,000

Last Year WTD     493,345

Wednesday

Steers & Heifers:   98,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 316.15… -2.01

Select:  299.46… +1.02

Choice/Select Spread: 16.69

Total Load Count: 174

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Cutter Cow Cutout:

295.04… +0.24

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CME Feeder Cattle Index for July 17th:

259.26… -2.06 / -0.79%

1 Year Change: +8.73%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 182.25… -2.02

October: 183.02… -2.55

December: 184.97… -2.33

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Feeder Cattle:

August: 256.22… -2.33

September: 257.00… -2.55

October: 256.95… -2.45

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August Lean Hogs: 91.37… -0.28

July Crude Oil: 82.32… -0.53

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September Corn: 3.9125… -0.0675

September Wheat: 5.3525… -0.0400

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Grain Cash Bids:

Omaha Corn: 4.11… -0.07

Kansas City Wheat: 5.13… +0.02

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Financial Markets:

DJIA: 40,664.89… -533.32

S & P 500: 5,555.40… -43.79

NASDAQ: 17,871.22… -125.70

U.S. Dollar Index: 104.19… +0.44