Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded from 188.00-188.50. Last week in Kansas live FOB purchases traded from 187.00-188.00. Last week in Nebraska and the Western Cornbelt live FOB purchases traded at 196.00, while dressed delivered purchases traded at 310.00.

Negotiated Sales:

Confirmed:        None

Week Ago:           180

Year Ago:             854

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,100

Weighted avg. weight:         893.00

Weighted avg. net price:     304.36

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Cattle Slaughter under Federal Inspection

Monday                115,000

Week Ago             118,000

Year Ago               122,865

Week to Date       115,000

Last Week WTD   118,000

Last Year WTD     122,865

Friday

Steers & Heifers:   82,000

Cows & Bulls:         17,000

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Boxed Beef:

Cutout Values:

Choice: 313.44… -0.39

Select:  298.33… -0.47

Choice/Select Spread: 15.11

Total Load Count: 149

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Cutter Cow Cutout:

294.71... -0.30

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CME Feeder Cattle Index for July 19th:

256.67… -2.51 / -0.97%

1 Year Change: +6.09%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 183.92… +0.82

October: 184.60… +1.13

December: 186.02… +1.35

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Feeder Cattle:

August: 256.40… +0.80

September: 256.50… +0.73

October: 256.25… +0.60

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August Lean Hogs: 92.37… +0.80

August Crude Oil: 79.95… -0.18

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September Corn: 4.0025… -0.0975

September Wheat: 5.4800… +0.0525

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Grain Cash Bids:

Omaha Corn: 4.23… +0.06

Kansas City Wheat: 5.22… +0.02

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Financial Markets:

DJIA: 40,415.31… +127.88

S & P 500: 5,564.47… +59.38

NASDAQ: 18,007.57… +280.63

U.S. Dollar Index: 104.34… -0.06