Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been mostly inactive on light demand. Not enough purchases in any of these regions for a market trend. In Kansas the last reported market was on Tuesday with live purchases at 178.00. Last week in the Texas Panhandle live purchases traded at 180.00. For the prior week in Nebraska live and dressed purchases traded from 182.00- 185.00 and at 290.00, respectively. For the previous week in the Western Cornbelt live and dressed purchases traded from 184.00-185.00 and at 290.00, respectively.

Negotiated Sales:

Confirmed:       1,111

Week Ago:      15,229

Year Ago:         27,505

Formula Net - Dressed Steers & Heifers:

Head count priced today:   25,900

Weighted avg. weight:         838.00

Weighted avg. net price:     294.33

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Cattle Slaughter under Federal Inspection

Wednesday      126,000

Week Ago          125,000

Year Ago             125,000

Week to Date    377,000

Last Week          378,000

Last Year            377,000 

Tuesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 327.90… -1.33

Select:  296.68… -1.75

Choice/Select Spread: 31.22

Total Load Count: 105

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Cutter Cow Cutout:

232.89… -1.44

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CME Feeder Cattle Index for June 27th:

226.01… +1.04 / +0.46%

1 Year Change: +37.74%

52 Week Range: 162.90 to 228.25

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Futures Settlements…

Live Cattle:

June: 179.62… +0.32

August: 173.87… +1.37

October: 177.02… +0.95

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Feeder Cattle:

August: 240.25… +1.75

September: 243.72… +1.75

October: 245.97… +1.65

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August Lean Hogs: 91.10… +0.05

August Crude Oil: 69.56… +1.86

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September Corn: 5.3125… -0.2500

September Wheat: 6.6975… -0.2925

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Grain Cash Bids:

Omaha Corn: 5.73… -0.47

Kansas City Wheat: 7.56… -0.29

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Financial Markets:

DJIA: 33,853.91… -72.56

S & P 500: 4,377.15… -1.18

NASDAQ: 13,591.75… +36.08

U.S. Dollar Index: 102.96… +0.48