Slaughter Cattle:

As of 3:00 PM Thursday in the Southern Plains, Nebraska and Western Cornbelt, negotiated cash trading has been slow on moderate demand. In the Southern Plains, compared to the last reported market on Wednesday, live purchases traded 1.00 higher at 142.00. In the Western Cornbelt, compared to the last reported market on Wednesday, live purchases traded steady from 148.00-150.00. A few dressed purchases traded at 234.00, however, not enough for a full market trend. Last week dressed purchases traded at 229.00. In Nebraska a few live and dressed purchases traded from 146.00-148.00 and at 234.00, respectively. However, not enough purchases for a full market trend. For the prior week live and dressed purchases traded from 144.00-148.00 and from 229.00-230.00, respectively.

Negotiated Sales:

Confirmed:      29,152

Week Ago:       25,300

Year Ago:         21,184

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,000

Weighted avg. weight:         884.00

Weighted avg. net price:     229.82

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Cattle Slaughter under Federal Inspection

Thursday (est)                     126,000

Week ago (est)                     125,000

Year ago (act)                       118,000

Week to Date                       499,000

Same Period Last Week     496,000

Same Period Last Year       478,000

Wednesday:

Steers & Heifers:  98,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 264.39… +0.05

Select:  237.47… -0.42

Choice/Select Spread: 26.92

Total Load Count: 132

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Cutter Cow Cutout:

211.14… -2.19

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CME Feeder Cattle Index for August 17th:

179.86… -0.03 / -0.02%

1 Year Change: +15.73%

52 Week Range: 152.31 to 179.89

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Futures Settlements…

Live Cattle:

August: 141.27… -0.48

October: 144.75… -1.10

December: 150.55… -0.95

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Feeder Cattle:

August: 181.52… -1.73

September: 185.27… -1.85

October: 187.67… -1.88

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October Hogs: 93.30… -4.75

September Crude Oil: 90.50… +2.39

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December Corn: 6.1575… +0.0375

December Wheat: 7.4900… -0.3150

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Grain Cash Bids:

Omaha Corn: 7.27… +0.03

Kansas City Wheat: 7.68… -0.38

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Financial Markets:

DJIA: 34,000.95… +20.63

S & P 500: 4,284.45… +10.11

NASDAQ: 12,965.34… +27.22

U.S. Dollar Index: 107.45… +0.88