Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Friday in the Southern Plains, Nebraska, and Western Cornbelt, negotiated cash trading has been moderate with moderate demand. In the Texas Panhandle, compared to last week, live FOB purchases traded 1.00 lower at 185.00. In Kansas, compared to last week, live FOB purchases traded steady to 2.00 lower at 185.00, with a few live Delivered purchases trading at 190.00. In Nebraska, compared to the last reported market on Thursday, live FOB purchases traded steady at 190.00 and dressed delivered purchases traded steady to 3.00 higher from 298.00-301.00. In the Western Cornbelt, compared to the last reported market on Thursday, live FOB purchases traded steady to 3.00 lower from 187.00-191.00 and dressed delivered purchases traded steady to 2.00 lower from 296.00-298.00.

Negotiated Sales:

Confirmed:   35,440

Week Ago:     2,435

Year Ago:     24,947

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,900

Weighted avg. weight:       891.00

Weighted avg. net price:    300.30

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Cattle Slaughter under Federal Inspection

Friday                   118,000

Week Ago             104,000

Year Ago               118,440

Week to Date       594,000

Last Week WTD   588,000

Last Year WTD     609,595

Thursday

Steers & Heifers:   96,000

Cows & Bulls:        24,000

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Boxed Beef:

Cutout Values:

Choice: 317.45… +0.51

Select:  302.59… +0.56

Choice/Select Spread: 14.86

Total Load Count: 116

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Cutter Cow Cutout:

294.34… +0.56

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CME Feeder Cattle Index for August 15th:

246.71… +0.37 / +0.15%

1 Year Change: +0.72%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 182.80… -1.25

October: 178.30… -2.45

December: 178.12… -2.50

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Feeder Cattle:

August: 242.77… -3.95

September: 239.50… -4.17

October: 235.95… -4.95

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October Lean Hogs: 75.07… -1.43

September Crude Oil: 77.01… -1.15

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December Corn: 3.9250… -0.0450

December Wheat: 5.5250… +0.0225

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Grain Cash Bids:

Omaha Corn: 3.85… -0.05

Kansas City Wheat: 4.90… +0.03

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Financial Markets:

DJIA: 40,659.89… +96.31

S & P 500: 5,554.30… +11.06

NASDAQ: 17,631.72… +37.22

U.S. Dollar Index: 102.46… -0.52