Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in all trading regions, 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. 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:     None

Week Ago:     1,776

Year Ago:          209

Formula Net - Dressed Steers & Heifers:

Head count priced today:  43,200

Weighted avg. weight:        898.00

Weighted avg. net price:    307.67

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Cattle Slaughter under Federal Inspection

Tuesday               122,000

Week Ago             122,000

Year Ago               125,955

Week to Date       234,000

Last Week WTD   241,000

Last Year WTD     244,424

Monday

Steers & Heifers:   92,000

Cows & Bulls:         20,000

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Boxed Beef:

Cutout Values:

Choice: 316.93… +1.10

Select:  300.61… +0.44

Choice/Select Spread: 16.32

Total Load Count: 138

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Cutter Cow Cutout:

295.24… +1.62

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CME Feeder Cattle Index for August 12th:

245.09… -0.48 / -0.20%

1 Year Change: +0.11%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 184.00… +0.68

October: 180.75… +0.73

December: 180.30… +1.35

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Feeder Cattle:

August: 246.47… +2.07

September: 242.17… +2.67

October: 239.92… +2.20

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October Lean Hogs: 72.85… -1.47

September Crude Oil: 78.33… -1.73

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December Corn: 3.9725… -0.0425

December Wheat: 5.5175… +0.0800

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Grain Cash Bids:

Omaha Corn: 3.92… -0.08

Kansas City Wheat: 4.98… -0.02

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Financial Markets:

DJIA: 39,733.64… +376.56

S & P 500: 5,425.75… +81.34

NASDAQ: 17,151.88… +371.27

U.S. Dollar Index: 102.59… -0.54