Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 Friday in all trading regions, negotiated cash trade has been mostly inactive on light demand. The most recent market in the Texas Panhandle was Thursday at 186.00. On Wednesday in Kansas live FOB purchases traded mostly from 186.00-193.00 with live delivered purchases ranging mostly from 190.00-190.50. In Nebraska the most recent live FOB market was Thursday at 193.00, while the most recent dressed delivered market was Wednesday at 305.00. The most recent market in the Western Cornbelt was Thursday with live FOB purchases traded from 190.00-193.00. The most recent dressed delivered market was Wednesday at 305.00.

Negotiated Sales:

Confirmed:    2,435

Week Ago:   21,770

Year Ago:       3,421

Formula Net - Dressed Steers & Heifers:

Head count priced today:  28,200

Weighted avg. weight:        888.00

Weighted avg. net price:    306.71

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Cattle Slaughter under Federal Inspection

Friday                   104,000

Week Ago             116,000

Year Ago              107,984

Week to Date       588,000

Last Week WTD   590,000

Last Year WTD     600,717

Thursday

Steers & Heifers:   98,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 312.71… +0.59

Select:  298.59… +0.56

Choice/Select Spread: 14.12

Total Load Count: 108

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Cutter Cow Cutout:

293.13… -0.60

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CME Feeder Cattle Index for August 8th:

249.71… -3.13 / -1.94%

1 Year Change: +1.94%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 184.25… +2.20

October: 181.15… +3.13

December: 179.60… +2.88

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Feeder Cattle:

August: 246.50… +4.13

September: 241.60… +4.18

October: 239.77… +3.77

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October Lean Hogs: 73.97… +0.35

September Crude Oil: 76.84… +0.65

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December Corn: 3.9500… -0.0200

December Wheat: 5.6575… +0.0425

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Grain Cash Bids:

Omaha Corn: 3.94… -0.03

Kansas City Wheat: 5.04… +0.02

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Financial Markets:

DJIA: 39,497.93… +51.44

S & P 500: 5,344.21… +24.90

NASDAQ: 16,745.30… +85.28

U.S. Dollar Index: 103.14… -0.07