Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in the Texas Panhandle, negotiated cash trading has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 188.00. In Kansas, Nebraska and the Western Cornbelt negotiated cash has been slow on light demand. In Kansas there have been a few live delivered purchases at 190.50. Last week in Kanas live FOB purchases traded from 188.00- 195.00. Compared to last week in Nebraska live FOB purchases traded 3.00 lower at 193.00. Last week dressed delivered purchases traded at 310.00. In the Western Cornbelt compared to last Tuesday live FOB purchases traded steady at 193.00. Last week dressed delivered purchases traded at 310.00.

Negotiated Sales:

Confirmed:   8,653

Week Ago:       273

Year Ago:      9,071

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,800

Weighted avg. weight:       887.00

Weighted avg. net price:    306.09

-

Cattle Slaughter under Federal Inspection

Wednesday         122,000

Week Ago            122,000

Year Ago              122,525

Week to Date       363,000

Last Week WTD   360,000

Last Year WTD     268,578

Tuesday

Steers & Heifers:   100,000

Cows & Bulls:           22,000

-

Boxed Beef:

Cutout Values:

Choice: 313.85… -1.96

Select:  298.83…-0.79

Choice/Select Spread: 15.02

Total Load Count: 128

-

Cutter Cow Cutout:

290.76… -4.04

-

CME Feeder Cattle Index for August 6th:

254.72… -0.63 / -0.25%

1 Year Change: +3.88%

52 Week Range: 215.33 to 261.88

-

Futures Settlements:

Live Cattle:  

August: 182.27… +0.30

October: 179.27… +0.22

December: 178.12… +0.07

-

Feeder Cattle:

August: 242.62… -0.38

September: 238.90… -1.67

October: 238.12… +0.90

-

October Lean Hogs: 74.57… -1.83

September Crude Oil: 75.23… +2.03

-

December Corn: 4.0075… -0.0450

December Wheat: 5.6200… -0.0450

-

Grain Cash Bids:

Omaha Corn: 3.96… -0.05

Kansas City Wheat: 5.06… -0.06

-

Financial Markets:

DJIA: 38,763.48… -233.12

S & P 500: 5,199.57… -40.21

NASDAQ: 16,195.81… -171.04

U.S. Dollar Index: 103.18… +0.21