Texas Daily Ag Market News Summary

Daily Market Summary for July 29^th

The Daily Market News Report bought to you by The Cattle Range. Please visit https://cattlerange.com/cattle-market-reports-analysis/daily-summary/ for more information!

Slaughter Cattle:  

As of 3:00 PM Monday, negotiated cash trade has been inactive on light demand in all feeding regions.  The latest established market in any feeding region was last week, with live purchases in the Southern Plains at 112.00. In Nebraska last week, live purchases traded from 114.00-115.00, bulk at 115.00 with dressed purchases from 182.00-185.00, bulk at 183.00. In the Western Cornbelt last week, live purchases traded from 115.00-116.00 with a few up to 118.00. Dressed purchases traded from 182.00-185.00.

Negotiated Sales:

Confirmed: 273 --- Week Ago: 725 --- Year Ago: 586

Formula Net - Dressed Steers & Heifers

Head count priced today: 34,800

Weighted avg weight:           860

Weighted avg net price:   179.58

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales last week saw light trade develop with weighted average steer and heifer prices closing the week at 146.50 and 145.50 respectively. Prices are fully steady with the previous week. All reported cash sales traded locally. Looking at the non-fed market butcher cows traded 0.75 higher through commercial auction facilities. Butcher cow prices are trading at the highest point since early June. Over the past couple of weeks Alberta cow prices have been trading at a 1-4 premium over the US utility cow market.

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Monday (est            119,000    2,000     457,000     9,000

Week ago (est)        114,000    2,000     473,000     8,000

Year ago (act)         114,000    2,000     441,000     8,000

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

                            Friday          96,000                     23,000

Boxed Beef: 

Boxed beef cutout values higher on light to moderate demand and offerings. Select and Choice rib and round cuts steady while chuck and loin cuts firm. Beef trimmings mostly steady to firm on moderate demand and light offerings.

Cutout Values...                 Choice     Select

Current Cutout Values:     213.26     189.76

Change from prior day:      +1.09       +1.42

Choice/Select spread:        23.50

Total Load Count (Cuts, Trimmings, Grinds): 91

Cutter Cow Cutout: 174.18… +0.32

CME Feeder Cattle Index: 141.50… +1.92

Futures…

Live Cattle:

August: 108.65… Unchanged

October: 109.45… -0.45

December: 113.85… -0.45

Feeder Cattle:

August: 142.30… -1.42

September: 142.82… -1.28

October: 142.57… -1.00

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August Hogs: 84.42… -2.00

August Crude Oil: 56.87… -0.67

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September Corn: 4.1700… +0.0250

August Soybeans: 8.8575… +0.0250

September Wheat: 5.0350… +0.0750

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Grain Cash Bids:

Kansas City Corn: 4.30… +0.03

Kansas City Soybeans: 8.46… +0.03

Kansas City Wheat: 4.99… +0.08

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Financial Markets:

Dow Jones Industrial Average: 27,221.41… +28.96

S & P 500: 3,020.97… -4.89

NASDAQ: 8,293.33… -36.88

U.S. Dollar Index: 98.03… +0.02