Texas Daily Ag Market News Summary

Slaughter Cattle:  

As of 3:00 PM Friday, trade and demand was moderate in the Texas Panhandle with limited trade on moderate demand in Kansas. Compared to Wednesday, live purchases in the Southern Plains traded steady at 111.00. Trade was light on moderate demand in Nebraska and the Western Cornbelt. A few early live purchases were reported in Nebraska from 114.00-114.50, however not enough for an adequate market test. In Nebraska on Wednesday, dressed purchases traded from 180.00-185.00, bulk at 185.00. Last week in Nebraska live purchases traded from 114.00-115.00, bulk at 115.00. In the Western Cornbelt on Wednesday, live purchases traded from 115.00-116.00 with dressed purchases mostly at 185.00.

Negotiated Sales:

Confirmed: 17,615 --- Week Ago: 11,110 --- Year Ago: 1,605

Formula Net - Dressed Steers & Heifers

Head count priced today: 22,600

Weighted avg weight:            852

Weighted avg net price:    181.38

Alberta Beef Producers Daily Report: Alberta CA

Alberta direct cattle sales Thursday saw light trade develop with dressed sales and bids reported from 246.00-247.00 delivered. Bids and sales are steady to 1.00 higher than prices seen on Wednesday and fully steady with the previous week. Most if not all the cattle that traded this week were being scheduled for the week of August 19th delivery. Cash to futures basis levels did strengthen, for the most part a larger percentage of this week’s cash offering has been clean up.

Livestock Slaughter under Federal Inspection:                                  

                                   Cattle       Calves    Hogs          Sheep

Friday (est                 114,000    2,000     458,000      5,000

Week ago (est)        119,000     2,000      459,000      5,000

Year ago (act)          113,000     2,000      447,000      5,000

Week to date (est)   591,000   10,000   2,322,000    35,000

Last Week (est)       598,000   10,000   2,351,000    34,000

Last Year (act)         585,000     9,000   2,255,000    35,000

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

                         Thursday          96,000                      25,000             

Boxed Beef: 

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

Cutout Values...                 Choice     Select

Current Cutout Values:     214.73     190.63

Change from prior day:       +0.49       +1.29

Choice/Select spread:          24.10

Total Load Count (Cuts, Trimmings, Grinds): 98

Cutter Cow Cutout: 173.65… +0.59

CME Feeder Cattle Index: 142.23

Futures…

Live Cattle:

August: 107.65… -0.22

October: 107.82… -0.90

December: 111.77… -1.08

Feeder Cattle:

August: 139.62… -1.60

September: 138.22… -3.30

October: 137.97… -3.55

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September Hogs: 65.72… -1.75

September Crude Oil: 55.66… +1.71

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September Corn: 3.9950… +0.0675

September Soybeans: 8.5575… +0.0300

September Wheat: 4.9075… +0.1500

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Grain Cash Bids:

Kansas City Corn: 4.11… +0.06

Kansas City Soybeans: 8.12… +0.05

Kansas City Wheat: 4.86… +0.15

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Financial Markets:

Dow Jones Industrial Average: 26,485.01… -98.41

S & P 500: 2,932.05… -21.51

NASDAQ: 8,004.07… -107.50

U.S. Dollar Index: 98.09… -0.28