Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in Nebraska, negotiated cash trading has been limited on light demand. A few live purchases traded at 182.00. In the Southern Plains and Western Cornbelt negotiated cash trading has been mostly inactive with light demand. However, 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:       3,631

Week Ago:      15,093

Year Ago:           6,879

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,200

Weighted avg. weight:         867.00

Weighted avg. net price:     294.79

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Cattle Slaughter under Federal Inspection

Thursday           125,000

Week Ago          125,000

Year Ago            125,000

Week to Date    502,000

Last Week          503,000

Last Year            502,000 

Wednesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 328.05… +0.15

Select:  297.18… +0.50

Choice/Select Spread: 30.87

Total Load Count: 96

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Cutter Cow Cutout:

234.31… +1.42

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CME Feeder Cattle Index for June 28th:

230.97… +4.96 / +2.19%

1 Year Change: +38.77%

52 Week Range: 162.90 to 230.97

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Futures Settlements…

Live Cattle:

June: 179.75… +0.13

August: 174.50… +0.63

October: 177.67… +0.65

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Feeder Cattle:

August: 242.37… +2.12

September: 245.80… +2.08

October: 247.82… +1.85

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August Lean Hogs: 92.32… +1.22

August Crude Oil: 69.86… +0.30

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September Corn: 5.2350… -0.0775

September Wheat: 6.6750… -0.0225

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Grain Cash Bids:

Omaha Corn: 5.72… -0.01

Kansas City Wheat: 7.50… -0.06

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Financial Markets:

DJIA: 34122.45… +268.54

S & P 500: 4,396.56… +19.41

NASDAQ: 13,591.33… -0.42

U.S. Dollar Index: 103.33… +0.42