Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Wednesday in the Texas Panhandle and the Western Cornbelt,  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 mostly inactive on very light demand Last week in Kansas live FOB purchases traded from 187.00-188.00. In Nebraska negotiated cash trade has been limited on 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:      1,020

Week Ago:       7,384

Year Ago:           433

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,900

Weighted avg. weight:        889.00

Weighted avg. net price:    305.21

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Cattle Slaughter under Federal Inspection

Wednesday          122,000

Week Ago             121,000

Year Ago               124,031

Week to Date       360,000

Last Week WTD   360,000

Last Year WTD     372,352

Tuesday

Steers & Heifers:  101,000

Cows & Bulls:         22,000

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Boxed Beef:

Cutout Values:

Choice: 312.68… -0.53

Select:  293.96… -2.70

Choice/Select Spread: 18.72

Total Load Count: 188

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Cutter Cow Cutout:

296.80… +2.74

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CME Feeder Cattle Index for July 23rd:

258.39… +0.65 / +0.25%

1 Year Change: +6.80%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 186.90… +0.60

October: 186.27… +0.15

December: 187.27… -0.13

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Feeder Cattle:

August: 257.12… -1.58

September: 256.70… -1.90

October: 256.37… -2.05

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August Lean Hogs: 93.77… +0.12

September Crude Oil: 77.54… +0.58

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September Corn: 4.0375… +0.0125

September Wheat: 5.4700… -0.0425

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Grain Cash Bids:

Omaha Corn: 4.26… +0.02

Kansas City Wheat: 5.18… +0.01

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Financial Markets:

DJIA: 39,854.20… -503.56

S & P 500: 5,427.16… -128.53

NASDAQ: 17,342.41… -654.94

U.S. Dollar Index: 104.37… -0.08