Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week in the Texas Panhandle live FOB purchases traded at 188.00. In Kansas last week live FOB purchases traded from 188.00-195.00. In Nebraska last week live FOB purchases traded at 196.00 while dressed delivered purchases traded at 310.00. Last week in the Western Cornbelt live FOB purchases traded from 194.00-196.00, while dressed delivered purchases traded at 310.00.

Negotiated Sales:

Confirmed:    405

Week Ago:  None

Year Ago:      325

Formula Net - Dressed Steers & Heifers:

Head count priced today:   39,700

Weighted avg. weight:         906.00

Weighted avg. net price:     307.09

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Cattle Slaughter under Federal Inspection

Monday                119,000

Week Ago             115,000

Year Ago               122,512

Week to Date       119,000

Last Week WTD   115,000

Last Year WTD     122,512

Friday

Steers & Heifers:     94,000

Cows & Bulls:           22,000

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Boxed Beef:

Cutout Values:

Choice: 317.94… +4.17

Select:  300.06… +2.89

Choice/Select Spread: 17.88

Total Load Count: 93

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Cutter Cow Cutout:

292.84... +0.17

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CME Feeder Cattle Index for August 2nd:

256.55… -1.17 / -0.45%

1 Year Change: +4.63%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 181.55… -2.55

October: 179.00… -3.07

December: 178.25… -3.95

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Feeder Cattle:

August: 244.00… -5.65

September: 241.25… -6.90

October: 239.22… -7.35

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October Lean Hogs: 75.72… -0.85

September Crude Oil: 73.14… -0.38

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December Corn: 4.0700… +0.0375

December Wheat: 5.6325… +0.0100

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Grain Cash Bids:

Omaha Corn: 4.11… +0.04

Kansas City Wheat: 5.10… +0.01

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Financial Markets:

DJIA: 38,704.06… -1,030.70

S & P 500: 5,186.50… -159.94

NASDAQ: 16,200.08… -576.08

U.S. Dollar Index: 102.66… -0.55