Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday in the Southern Plains and Nebraska negotiated cash trading was at a standstill. In the the Western Cornbelt negotiated cash trade was slow on 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:    1,776

Week Ago:          46

Year Ago:      7,092

Formula Net - Dressed Steers & Heifers:

Head count priced today:  36,600

Weighted avg. weight:        904.00

Weighted avg. net price:    307.60

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Cattle Slaughter under Federal Inspection

Tuesday                122,000

Week Ago             123,000

Year Ago               123,541

Week to Date       241,000

Last Week WTD   238,000

Last Year WTD    246,053

Monday

Steers & Heifers:     98,000

Cows & Bulls:           21,000

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Boxed Beef:

Cutout Values:

Choice: 315.81… -2.13

Select:  299.62… -0.44

Choice/Select Spread: 16.19

Total Load Count: 181

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Cutter Cow Cutout:

294.80… +1.96

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CME Feeder Cattle Index for August 5th:

255.35… -1.20 / -0.47%

1 Year Change: +4.14%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 181.97…+0.42

October: 179.05… +0.05

December: 178.05… -0.20

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Feeder Cattle:

August: 243.00… -1.00

September: 240.57… -0.68

October: 239.02… -0.20

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October Lean Hogs: 76.40… +0.68

September Crude Oil: 73.13… +0.19

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December Corn: 4.0525… -0.0175

December Wheat: 5.6650… +0.0325

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Grain Cash Bids:

Omaha Corn: 4.01… -0.10

Kansas City Wheat: 5.12… +0.02

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Financial Markets:

DJIA: 38,996.60… +292.54

S & P 500: 5,239.78… +53.28

NASDAQ: 16,366.85… +166.77

U.S. Dollar Index: 102.97… -0.28