Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been slow on light to moderate demand. There have been a few live FOB purchases at 188.00, however not enough purchases for a market trend. Last week in the Southern Plains live FOB purchases at 190.00. In Nebraska and the Western Cornbelt negotiated cash trading has been slow on light demand. 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:    6,599

Week Ago:     1,020

Year Ago:       5,955

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,400

Weighted avg. weight:         891.00

Weighted avg. net price:     305.67

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Cattle Slaughter under Federal Inspection

Thursday              114,000

Week Ago             120,000

Year Ago               124,107

Week to Date       474,000

Last Week WTD   480,000

Last Year WTD     493,007

Wednesday

Steers & Heifers:     99,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 312.79… -1.98

Select:  297.46… -2.70

Choice/Select Spread: 15.33

Total Load Count: 128

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Cutter Cow Cutout:

291.38… -4.65

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CME Feeder Cattle Index for July 31st:

257.82… -0.87 / -0.34%

1 Year Change: +5.37%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 184.80… -2.32

October: 183.72… -2.95

December: 184.60… -3.27

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Feeder Cattle:

August: 253.15… -4.10

September: 251.80… -5.30

October: 250.87… -5.28

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October Lean Hogs: 77.02… +1.10

September Crude Oil: 76.64… -1.27

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September Corn: 3.8200… -0.0075

September Wheat: 5.3200… +0.0475

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Grain Cash Bids:

Omaha Corn: 4.03… -0.09

Kansas City Wheat: 5.05… +0.06

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Financial Markets:

DJIA: 40,346.79… -496.27

S & P 500: 5,446.57… -75.71

NASDAQ: 17,194.15… -405.25

U.S. Dollar Index: 104.35… +0.25