Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. 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:       432

Week Ago:     8,653

Year Ago:      1,572

Formula Net - Dressed Steers & Heifers:

Head count priced today:   28,200

Weighted avg. weight:        896.00

Weighted avg. net price:    303.28

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Cattle Slaughter under Federal Inspection

Wednesday          122,000

Week Ago             122,000

Year Ago               122,567

Week to Date       356,000

Last Week WTD   363,000

Last Year WTD     366,991

Tuesday

Steers & Heifers:   99,000

Cows & Bulls:        23,000

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Boxed Beef:

Cutout Values:

Choice: 314.88… -2.05

Select:  300.50… -0.11

Choice/Select Spread: 14.38

Total Load Count: 129

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Cutter Cow Cutout:

295.32… +0.03

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CME Feeder Cattle Index for August 13th:

245.32… +0.23 / +0.09%

1 Year Change: +0.21%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 184.60… +0.60

October: 182.12… +1.37

December: 181.60… +1.30

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Feeder Cattle:

August: 247.90… +1.43

September: 244.35… +2.18

October: 242.10… +2.18

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October Lean Hogs: 75.92… +3.07

September Crude Oil: 77.19… -1.16

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December Corn: 4.0075… +0.0350

December Wheat: 5.5625… +0.0450

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Grain Cash Bids:

Omaha Corn: 3.96… +0.04

Kansas City Wheat: 4.96… -0.02

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Financial Markets:

DJIA: 40,000.24… +242.09

S & P 500: 5,454.28… +20.68

NASDAQ: 17,192.60… +4.99

U.S. Dollar Index: 102.59… +0.03