Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trading has been moderate with light to moderate demand. Compared to last week live FOB purchases traded 1.50-2.00 higher at 190.00. In Kansas negotiated cash trading has been limited on light demand. Not enough purchases for a market trend. The last reported market was on Thursday with live FOB purchases at 190.00. In Nebraska negotiated cash trading and demand have been moderate. Compared to last week live FOB and dressed delivered purchases traded 2.00 higher at 198.00 and 312.00, respectively, with light test of both. In the Western Cornbelt negotiated cash trading has been slow on light to moderate demand. Compared to last week live FOB and dressed delivered purchases traded 2.00higher at 198.00 and 312.00, respectively, with light test of both.

Negotiated Sales:

Confirmed:     27,366

Week Ago:        5,950

Year Ago:       23,473

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,200

Weighted avg. weight:        884.00

Weighted avg. net price:    303.58

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Cattle Slaughter under Federal Inspection

Friday                    110,000

Week Ago               99,000

Year Ago               110,073

Week to Date       590,000

Last Week WTD   574,000

Last Year WTD     606,841

Thursday

Steers & Heifers:    98,000

Cows & Bulls:         22,000

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Boxed Beef:

Cutout Values:

Choice: 313.77… +1.31

Select:  297.46… +2.35

Choice/Select Spread: 16.31

Total Load Count: 101

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Cutter Cow Cutout:

292.24... -4.48

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CME Feeder Cattle Index for July 25th:

258.84… -0.22 / -0.08%

1 Year Change: +6.95%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 188.57… -0.33

October: 188.55… -0.05

December: 189.30… +0.40

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Feeder Cattle:

August: 259.70… +1.08

September: 259.60… +1.70

October: 258.30… +1.23

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August Lean Hogs: 93.47… -0.30

September Crude Oil: 76.86… -1.42

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September Corn: 3.9450… -0.1150

September Wheat: 5.2350… -0.1425

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Grain Cash Bids:

Omaha Corn: 4.24… -0.04

Kansas City Wheat: 4.96… -0.16

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Financial Markets:

DJIA: 40,589.34… +654.27

S & P 500: 5,459.61… +60.33

NASDAQ: 17,357.88… +176.16

U.S. Dollar Index: 104.31… -0.05