Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Monday in all trading regions negotiated cash trading has been at a standstill.  Last week in the Southern Plains live FOB purchases at 190.00. Last week in Nebraska live FOB traded at 198.00 while dressed delivered purchases traded at 312.00. In the Western Cornbelt last week live FOB traded from 196.00-198.00 while dressed delivered purchases traded at 312.00.

Negotiated Sales:

Confirmed:     None

Week Ago:     None

Year Ago:        180

Formula Net - Dressed Steers & Heifers:

Head count priced today:   38,000

Weighted avg. weight:       902.00

Weighted avg. net price:    303.31

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Cattle Slaughter under Federal Inspection

Monday                115,000

Week Ago              115,000

Year Ago                121,098

Week to Date       115,000

Last Week WTD   115,000

Last Year WTD     121,098

Friday

Steers & Heifers:    88,000

Cows & Bulls:          22,000

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Boxed Beef:

Cutout Values:

Choice: 314.81… +1.04

Select:  301.52… +4.06

Choice/Select Spread: 13.29

Total Load Count: 145

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Cutter Cow Cutout:

295.41… +3.17

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CME Feeder Cattle Index for July 25th:

258.75… -0.22 / -0.09%

1 Year Change: +6.54%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 186.97… -1.60

October: 186.80… -1.75

December: 187.67… -1.63

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Feeder Cattle:

August: 256.42… -3.28

September: 256.07… -3.53

October: 255.20… -3.10

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August Lean Hogs: 91.45… -2.02

September Crude Oil: 75.88… -1.28

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September Corn: 3.9625…+0.0175

September Wheat: 5.3100… +0.0750

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Grain Cash Bids:

Omaha Corn: 4.26… +0.02

Kansas City Wheat: 5.04… +0.08

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Financial Markets:

DJIA: 40,540.13… -49.21

S & P 500: 5,463.60… +3.99

NASDAQ: 17,370.20… +12.32

U.S. Dollar Index: 104.55… +0.24