Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in all trading regions, negotiated cash trade has been slow on light demand. Compared to Tuesday in Texas Panhandle live FOB purchases traded steady at 183.00. Last week in Kansas live FOB purchases traded at 185.00. Last week in Nebraska live FOB purchases traded at 190.00. The most recent dressed delivered market in Nebraska was Tuesday with purchases from 293.00-295.00 mostly at 295.00. The most recent market in the Western Cornbelt was Tuesday with live FOB purchases traded at 187.50, while dressed delivered purchases traded from 293.00-295.00, on a light test.

Negotiated Sales:

Confirmed:  6,315

Week Ago:      432

Year Ago:     2,105

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26,100

Weighted avg. weight:        892.00

Weighted avg. net price:     300.86

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Cattle Slaughter under Federal Inspection

Wednesday          122,000

Week Ago             122,000

Year Ago               118,806

Week to Date       363,000

Last Week WTD   356,000

Last Year WTD     366,256

Tuesday

Steers & Heifers:  101,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 315.21… +0.13

Select:  301.08… +0.04

Choice/Select Spread: 14.13

Total Load Count: 123

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Cutter Cow Cutout:

295.17… -0.99

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CME Feeder Cattle Index for August 20th:

243.73… -0.12 / -0.05%

1 Year Change: -0.61%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 181.22… +0.20

October: 174.62… -0.98

December: 174.27… -0.83

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Feeder Cattle:

August: 239.25… +1.05

September: 235.67… +1.17

October: 231.67… +0.35

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October Lean Hogs: 76.15… -0.25

September Crude Oil: 71.90… -1.27

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December Corn: 3.9850… +0.0050

December Wheat: 5.4400… -0.1250

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Grain Cash Bids:

Omaha Corn: 3.96… +0.03

Kansas City Wheat: 4.86… -0.10

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Financial Markets:

DJIA: 40,889.96… +59.32

S & P 500: 5,620.78… +24.27

NASDAQ: 17,918.99… +105.21

U.S. Dollar Index: 101.14... -0.30