Texas Daily Ag Market News Summary

Fed Cattle:

As of 3:00 PM Tuesday 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:         46

Week Ago:     1,476

Year Ago:           51

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,100

Weighted avg. weight:        888.00

Weighted avg. net price:     307.46

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Cattle Slaughter under Federal Inspection

Tuesday               123,000

Week Ago            123,000

Year Ago               124,745

Week to Date       238,000

Last Week WTD   238,000

Last Year WTD     245,843

Monday

Steers & Heifers:    94,000

Cows & Bulls:          21,000

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Boxed Beef:

Cutout Values:

Choice: 314.48… -0.33

Select:  301.38… -0.14

Choice/Select Spread: 13.10

Total Load Count: 119

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Cutter Cow Cutout:

294.26… -1.15

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CME Feeder Cattle Index for July 29th:

258.73… -0.02 / -0.01%

1 Year Change: +6.10%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 187.70… +0.73

October: 187.45… +0.65

December: 188.17… +0.50

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Feeder Cattle:

August: 256.97… +0.55

September: 256.95… +0.88

October: 255.87… +0.67

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October Lean Hogs: 74.77… -0.05

September Crude Oil: 75.03… -0.78

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September Corn: 3.8875… -0.0750

September Wheat: 5.2400… -0.0700

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Grain Cash Bids:

Omaha Corn: 4.17… -0.09

Kansas City Wheat: 5.00… -0.04

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Financial Markets:

DJIA: 40,743.59… +203.46

S & P 500: 5,436.42… -27.18

NASDAQ: 17,147.42… -222.78

U.S. Dollar Index: 104.56… +0.01