Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trading has been inactive on light demand. Not enough purchases for a market trend. The last reported market was on Thursday with live FOB purchases at 188.00. In Kansas and Nebraska negotiated cash trading has been slow with light to moderate demand. In Kansas, compared to the last reported market on Thursday, live FOB purchases traded steady to 7.00 higher from 188.00-195.00. In Nebraska, compared to the last reported market on Thursday, live FOB purchases traded steady at 196.00. Not enough dressed purchases for a market trend. Thursday was the last reported dressed delivered market at 310.00. In the Western Cornbelt negotiated cash trading and demand have been moderate. Compared to the last reported market on Thursday, live FOB purchases traded steady to 2.00 lower from 194.00-196.00. Not enough dressed purchases for a market trend. Thursday was the last reported dressed delivered market at 310.00.

Negotiated Sales:

Confirmed:    21,770

Week Ago:     27,366

Year Ago:       18,423

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,800

Weighted avg. weight:        874.00

Weighted avg. net price:    305.69

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Cattle Slaughter under Federal Inspection

Friday                   116,000

Week Ago             110,000

Year Ago               115,294

Week to Date       590,000

Last Week WTD   590,000

Last Year WTD     608,301

Thursday

Steers & Heifers:     93,000

Cows & Bulls:          21,000

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Boxed Beef:

Cutout Values:

Choice: 313.77… +0.98

Select:  297.17… -0.29

Choice/Select Spread: 16.60

Total Load Count: 110

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Cutter Cow Cutout:

292.67... +1.29

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CME Feeder Cattle Index for August 1st:

257.72… -0.10 / -0.04%

1 Year Change: +5.24%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 184.10… -0.70

October: 182.07… -1.65

December: 182.20… -2.40

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Feeder Cattle:

August: 249.65… -3.50

September: 248.15… -3.65

October: 246.57… -4.30

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October Lean Hogs: 76.57… -0.45

September Crude Oil: 73.42… -2.89

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September Corn: 3.8650… +0.0450

September Wheat: 5.3900… +0.0700

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Grain Cash Bids:

Omaha Corn: 4.07… +0.04

Kansas City Wheat: 5.10… +0.05

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Financial Markets:

DJIA: 39,734.76… -612.03

S & P 500: 5,346.44… -100.13

NASDAQ: 16,776.16… -417.99

U.S. Dollar Index: 103.21… -1.21