Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. Last week in the Texas Panhandle live FOB purchases traded at 186.00. Last week in Kansas live FOB purchases traded from 185.00-187.00, with live delivered purchases ranging mostly from 190.00-190.50. Last week in Nebraska live FOB traded at 193.00, with a few up to 194.00. For the week dressed delivered purchases traded at 305.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week in the Western Cornbelt live FOB purchases from 190.00-193.00, with the bulk at 193.00, while dressed purchases traded at 305.00.

Negotiated Sales:

Confirmed:    212

Week Ago:     405

Year Ago:        39

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,500

Weighted avg. weight:        894.00

Weighted avg. net price:     307.39

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Cattle Slaughter under Federal Inspection

Monday                112,000

Week Ago             119,000

Year Ago               118,469

Week to Date       112,000

Last Week WTD   119,000

Last Year WTD     118,469

Friday

Steers & Heifers:   83,000

Cows & Bulls:        21,000

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Boxed Beef:

Cutout Values:

Choice: 315.83… +3.12

Select:  300.17… +1.58

Choice/Select Spread: 15.66

Total Load Count: 99

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Cutter Cow Cutout:

293.62... +0.49

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CME Feeder Cattle Index for August 9th:

245.57… -4.14 / -1.66%

1 Year Change: +0.31%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 183.32… -0.93

October: 180.02… -1.13

December: 178.95… -0.65

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Feeder Cattle:

August: 244.40… -2.10

September: 239.50… -2.10

October: 232.72… -2.05

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October Lean Hogs: 74.32… +0.35

September Crude Oil: 79.82… +2.98

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December Corn: 4.0150… +0.0650

December Wheat: 5.5975… -0.0600

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Grain Cash Bids:

Omaha Corn: 4.00… +0.06

Kansas City Wheat: 4.98… -0.06

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Financial Markets:

DJIA: 39,357.08… -140.85

S & P 500: 5,344.41… +0.20

NASDAQ: 16,780.61… +35.31

U.S. Dollar Index: 103.13… -0.01