Texas Ag Daily Market Summary

Fed Cattle:

As of 3:00 PM Tuesday in the Texas Panhandle and Nebraska, negotiated cash trade has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded from 188.00-188.50. In Kansas negotiated cash trade has been slow on light demand, however not enough purchase for a market test. Last week in Kansas live FOB purchases traded from 187.00-188.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. 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:     1,478

Week Ago:         187

Year Ago:           226

Formula Net - Dressed Steers & Heifers:

Head count priced today:  29,000

Weighted avg. weight:        877.00

Weighted avg. net price:     306.53

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Cattle Slaughter under Federal Inspection

Tuesday                123,000

Week Ago             121,000

Year Ago               125,456

Week to Date       238,000

Last Week WTD   239,000

Last Year WTD     248,321

Monday

Steers & Heifers:   93,000

Cows & Bulls:        22,000

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Boxed Beef:

Cutout Values:

Choice: 313.21… -0.23

Select:  296.66… -1.67

Choice/Select Spread: 16.55

Total Load Count: 165

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Cutter Cow Cutout:

294.06... -0.65

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CME Feeder Cattle Index for July 22nd:

257.74… +1.07 / +0.42%

1 Year Change: +6.53%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 186.30… +2.38

October: 186.12… +1.52

December: 187.40… +1.38

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Feeder Cattle:

August: 258.70… +2.30

September: 258.60… +2.10

October: 258.42… +2.17

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August Lean Hogs: 93.65… +1.28

September Crude Oil: 77.23… -1.17

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September Corn: 4.0250… +0.0225

September Wheat: 5.4275… -0.0525

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Grain Cash Bids:

Omaha Corn: 4.24… +0.01

Kansas City Wheat: 5.17… -0.05

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Financial Markets:

DJIA: 40,357.76… -57.55

S & P 500: 5,555.69… -8.78

NASDAQ: 17,997.35… -10.22

U.S. Dollar Index: 104.46… +0.15