Texas Daily Ag Market Summary

Slaughter Cattle:

As of 4:00 PM Friday, negotiated cash trading has been limited on light demand in Nebraska with a few live purchases steady with Thursday at 122.00. The latest established dressed market in Nebraska was on Thursday at 196.00. Negotiated cash trading in the Western Cornbelt has been limited on light demand with a few live purchases at 124.00, however not enough for a full market trend. The latest established live market in the Western Cornbelt was last week from 120.00-124.00 and the latest established dressed market was on Thursday at 196.00. Negotiated cash trading in the Southern Plains has been mostly inactive on very light demand. Not enough purchases for a full market trend. The latest established live market was on Thursday at 120.00. 

Negotiated Sales:

Confirmed:         10,392               

Week Ago:              658

Year Ago:             3,189

Formula Net

Dressed Steers & Heifers:

Head count priced today:   27,500

Weighted avg. weight:       875.00

Weighted avg. net price:    192.78

Cattle Slaughter under Federal Inspection:

Friday (est)                            114,000

Week ago (est)                       110,000

Year ago (act)                         111,000

Week to Date                         591,000

Same Period Last Week        577,000

Same Period Last Year          585,000

Thursday

Steers & Heifers:  93,000

Cows & Bulls:       26,000

Boxed Beef:

Cutout Values:

Choice: 278.46… +3.24

Select:  259.19… +2.37

Choice/Select Spread: 19.27

Total Load Count: 117

Cutter Cow Cutout:

229.49… +1.42

CME Feeder Cattle Index for July 29th:

154.04… +0.04 / +0.03%

1 Year Change: +11.16%

52 Week Range: 130.15 to 154.36

Futures Settlements…

Live Cattle:

August: 122.07… -0.43

October: 127.20… -0.95

December: 132.65… -0.62

Feeder Cattle:

August: 158.17… -0.33

September: 161.80… -0.15

October: 164.05… -0.15

August Hogs: 106.20… -0.10

September Crude Oil: 73.95… +0.33

September Corn: 5.4700… -0.1100

September Wheat: 7.0375… -0.0150

Grain Cash Bids:

Kansas City Corn: 6.24… -0.11

Kansas City Wheat: 6.49… -0.02

Financial Markets:

DJIA: 34,936.13… -151.69

S & P 500: 4,395.57… -24.11

NASDAQ: 14,668.36… -109.28

U.S. Dollar Index: 92.13… +0.27