Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday all trading regions, negotiated cash trade has been at a standstill. Last week in Texas Panhandle live FOB purchases traded at 183.00. Last week in Kansas live FOB purchases traded from 183.00-184.00. Last week in Nebraska live FOB purchases at 184.00, while dressed delivered purchases traded from 293.00-295.00. Last week in the Western Cornbelt live FOB purchases traded from 184.00-188.00, while dressed delivered purchases traded from 293.00-295.00.

Negotiated Sales:

Confirmed:    175

Week Ago:      36

Year Ago:   None

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,500

Weighted avg. weight:         901.00

Weighted avg. net price:     296.25

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Cattle Slaughter under Federal Inspection

Monday                116,000

Week Ago             117,000

Year Ago               125,036

Week to Date       116,000

Last Week WTD   117,000

Last Year WTD     125,036

Friday

Steers & Heifers:   92,000

Cows & Bulls:         21,000

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Boxed Beef:

Cutout Values:

Choice: 315.90… -1.44

Select:  300.19… -0.27

Choice/Select Spread: 15.71

Total Load Count: 115

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Cutter Cow Cutout:

294.95… +0.11

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CME Feeder Cattle Index for August 23rd:

242.83… +1.13 / +0.47%

1 Year Change: -2.20%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 183.60… +1.03

October: 176.97… +1.27

December: 176.37… +1.17

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Feeder Cattle:

August: 244.50… +1.93

September: 241.35… +2.78

October: 237.47… +3.10

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October Lean Hogs: 80.40… -0.15

September Crude Oil: 77.50… +2.67

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December Corn: 3.8650… -0.0450

December Wheat: 5.2500… -0.0300

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Grain Cash Bids:

Omaha Corn: 3.92… -0.06

Kansas City Wheat: 4.75… +0.05

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Financial Markets:

DJIA: 41,246.46… +71.28

S & P 500: 5,617.29… -16.92

NASDAQ: 17,725.77… -152.02

U.S. Dollar Index: 100.88… +0.16