Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday in the Southern Plains and Nebraska, negotiated cash trading was at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. 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:       273

Week Ago:     1,020

Year Ago:       3,271

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,900

Weighted avg. weight:        890.00

Weighted avg. net price:    303.88

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Cattle Slaughter under Federal Inspection

Wednesday         122,000

Week Ago            122,000

Year Ago              123,057

Week to Date       360,000

Last Week WTD   360,000

Last Year WTD     368,900

Tuesday

Steers & Heifers:    101,000

Cows & Bulls:           22,000

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Boxed Beef:

Cutout Values:

Choice: 314.77… +0.29

Select:  257.10… +0.15

Choice/Select Spread: 14.61

Total Load Count: 145

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Cutter Cow Cutout:

294.26

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CME Feeder Cattle Index for July 30th:

258.69… -0.04 / -0.02%

1 Year Change: +6.08%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 187.12… -0.58

October: 186.67… -0.78

December: 187.87… -0.30

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Feeder Cattle:

August: 257.25… +0.28

September: 257.10… +0.15

October: 256.15… +0.28

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October Lean Hogs: 75.92… +1.15

September Crude Oil: 78.38… +3.65

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September Corn: 3.8275… -0.0600

September Wheat: 5.2725… +0.0325

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Grain Cash Bids:

Omaha Corn: 4.12… -0.05

Kansas City Wheat: 4.99… -0.01

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Financial Markets:

DJIA: 40,843.06… +99.47

S & P 500: 5,522.28… +85.86

NASDAQ: 17,599.40… +451.98

U.S. Dollar Index: 104.00… +0.55