Texas Ag Daily Market Summary

Fed Cattle:

As of 3:00 PM Friday in the Southern Plains, negotiated cash trade has been mostly inactive on light demand. The most recent market in the Texas Panhandle was Wednesday with live FOB purchases from 188.00-188.50. The most recent market 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 demand. Compared to Thursday in Nebraska and the Western Cornbelt live FOB purchases traded steady at 196.00. The most recent dressed delivered purchases in Nebraska and the Western Cornbelt was Thursday at 310.00.

Negotiated Sales:

Confirmed:       5,950

Week Ago:        4.406

Year Ago:          9,578

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,800

Weighted avg. weight:        876.00

Weighted avg. net price:     305.94

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Cattle Slaughter under Federal Inspection

Friday                   103,000

Week Ago             118,000

Year Ago               115,167

Week to Date       578,000

Last Week WTD   594,000

Last Year WTD     608,512

Thursday

Steers & Heifers:   98,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 313.83… -2.32

Select:  298.80… -0.66

Choice/Select Spread: 15.03

Total Load Count: 131

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Cutter Cow Cutout:

295.01… -0.03

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CME Feeder Cattle Index for July 18th:

259.18… -0.08 / -0.03%

1 Year Change: +8.68%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 183.10… +0.85

October: 183.47… +0.45

December: 184.67… -0.30

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Feeder Cattle:

August: 255.60… -0.62

September: 257.77… -1.23

October: 255.65… -1.30

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August Lean Hogs: 91.57… +0.20

July Crude Oil: 80.20… -2.62

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September Corn: 3.9050… -0.0075

September Wheat: 5.4275… -0.0750

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Grain Cash Bids:

Omaha Corn: 4.17… +0.06

Kansas City Wheat: 5.20… +0.07

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Financial Markets:

DJIA: 40,287.43… -377.46

S & P 500: 5,505.09… -39.41

NASDAQ: 17,726.94… -144.28

U.S. Dollar Index: 104.40… +0.21