Texas Daily Ag Market News Summary

Slaughter Cattle:  

As of 3:00 PM Thursday, negotiated cash trade was light to moderate in the Texas Panhandle and Western Cornbelt. In the Texas Panhandle compared to last week, live purchases traded steady to 1.00 lower at 111.00. In the Western Cornbelt compared to last week, dressed purchases traded mostly steady form 182.00-185.00. Live purchases compared to Wednesday traded mostly steady from 114.00-116.00. Trade was light on light to moderate demand in Nebraska and Kansas. A few purchases were reported at 111.00 in Kansas with a few dressed purchases in Nebraska from 182.00-183.00, however not enough for an adequate market test. On Wednesday in Kansas, live purchases traded at 111.00. On Wednesday in Nebraska, live purchases traded from 113.00-113.50 with dressed purchases from 182.00-182.00.

Negotiated Sales:

Confirmed: 17,278 --- Week Ago: 12,822 --- Year Ago: 77

Formula Net - Dressed Steers & Heifers

Head count priced today: 23,900

Weighted avg weight:             845

Weighted avg net price:    183.73

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Wednesday saw light trade develop with live sales reported in the mid 140's, sales are fully steady with last week's weighted average price. Dressed bids have been reported from 244.00-245.00 delivered. Bids are steady to 1.00 higher than last week. Seasonally there still is more downside risk to the fed market, based on the five-year average lows historically don't occur until late September/early October.

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Thursday (est          121,000    2,000      472,000      7,000

Week ago (est)       118,000    2,000      479,000      8,000

Year ago (act)          120,000    2,000      448,000      7,000

Week to date (est) 481,000    8,000   1,820,000    33,000

Last Week (est)       478,000    8,000   1,914,000    34,000

Last Year (act)         474,000    9,000   1,796,000    29,000

Previous Day Estimated   Steers & Heifers --- Cows & Bulls                

                    Wednesday           96,000                     26,000    

Boxed Beef: 

Boxed beef cutout values firm to higher on moderate to good demand and moderate offerings. Select and Choice rib, chuck, round, and loin cuts steady to firm. Beef trimmings unevenly steady on moderate demand and offerings.

Cutout Values...                 Choice     Select

Current Cutout Values:     213.34     188.61

Change from prior day:       +0.77       +0.27

Choice/Select spread:         24.73

Total Load Count (Cuts, Trimmings, Grinds): 135

Cutter Cow Cutout: 174.72… +0.21

CME Feeder Cattle Index: 140.00… -1.01

Futures…

Live Cattle:

August: 107.40… -0.72

October: 108.25… -0.50

December: 112.80… -0.55

Feeder Cattle:

August: 139.42… -1.15

September: 139.47… -1.30

October: 139.72… -1.35

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August Hogs: 82.77… +0.77

August Crude Oil: 55.30… -1.48

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September Corn: 4.2450… -0.1150

August Soybeans: 8.8125… -0.0125

September Wheat: 4.9350… -0.1200

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Grain Cash Bids:

Kansas City Corn: 4.35… -0.11

Kansas City Soybeans: 8.41… -0.02

Kansas City Wheat: 4.88… -0.13

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Financial Markets:

Dow Jones Industrial Average: 27,222.97… +3.12

S & P 500: 2,995.11… +10.69

NASDAQ: 8,207.24… +22.03

U.S. Dollar Index: 96.71… -0.51