Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trading has been light with light demand. In Kansas, a few live purchases traded at 178.00. In the Texas Panhandle, a few live purchases traded from 178.00-179.00. In Nebraska and Western Cornbelt negotiated cash trading has been mostly inactive on very light demand. However, not enough purchases for a full market trend in any region. The latest established market in these regions was last week. In the Southern Plains live purchases traded at 180.00. In Nebraska live and dressed purchases traded from 182.00-185.00 and at 290.00, respectively. In the Western Cornbelt live and dressed purchases traded from 184.00-185.00 and at 290.00, respectively.

Negotiated Sales:

Confirmed:       5,823

Week Ago:           983

Year Ago:          2,401

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,200

Weighted avg. weight:         848.00

Weighted avg. net price:     301.24

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Cattle Slaughter under Federal Inspection

Tuesday             126,000

Week Ago          127,000

Year Ago             127,000

Week to Date    251,000

Last Week          253,000

Last Year            252,000 

Monday

Steers & Heifers:  99,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 329.23… -3.81

Select:  298.43… -1.24

Choice/Select Spread: 30.80

Total Load Count: 147

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Cutter Cow Cutout:

234.33… +1.54

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CME Feeder Cattle Index for June 26th:

224.97… +1.59 / +0.20%

1 Year Change: +37.01%

52 Week Range: 162.90 to 228.25

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Futures Settlements…

Live Cattle:

June: 179.30… +1.60

August: 172.50… +1.90

October: 176.07… +2.05

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Feeder Cattle:

August: 238.50… +4.83

September: 241.97… +4.47

October: 244.32… +4.22

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August Lean Hogs: 91.05… +1.00

August Crude Oil: 67.70… -1.67

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September Corn: 5.5625… -0.2775

September Wheat: 6.9900… -0.3925

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Grain Cash Bids:

Omaha Corn: 6.20… -0.20

Kansas City Wheat: 7.85… -0.28

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Financial Markets:

DJIA: 33,926.47… +210.37

S & P 500: 4,378.33… +49.31

NASDAQ: 13,55.67… +219.89

U.S. Dollar Index: 102.48… -0.21