Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in all major feeding regions, negotiated cash trading has been slow with light to moderate demand. In the Texas Panhandle, a few, live purchases traded at 179.00. In Nebraska, a few dressed purchases traded at 290.00. In the Western Cornbelt, a few, live purchases traded from 182.00-183.00. However, not enough purchases in any of these regions for a full 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:     17,070

Week Ago:        1,805

Year Ago:              922

Formula Net - Dressed Steers & Heifers:

Head count priced today:   38,900

Weighted avg. weight:         844.00

Weighted avg. net price:     292.04

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Cattle Slaughter under Federal Inspection

Friday                 123,000

Week Ago          120,000

Year Ago            122,000

Week to Date    625,000

Last Week          623,000

Last Year            624,000 

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 327.72… -0.33

Select:  293.63… -3.55

Choice/Select Spread: 34.09

Total Load Count: 98

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Cutter Cow Cutout:

234.21… -0.10

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CME Feeder Cattle Index for June 29th:

232.75… +1.78 / +0.77%

1 Year Change: +40.67%

52 Week Range: 162.90 to 232.75

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Futures Settlements…

Live Cattle:

June: 181.50… +1.75

August: 177.17… +2.67

October: 179.55… +1.88

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Feeder Cattle:

August: 247.57… +5.20

September: 250.82… +5.02

October: 252.52… +4.70

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August Lean Hogs: 92.60… +0.28

August Crude Oil: 70.64… +0.78

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September Corn: 4.8850… -0.3500

September Wheat: 6.5100… -0.1650

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Grain Cash Bids:

Omaha Corn: 5.51… -0.21

Kansas City Wheat: 7.42… -0.08

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Financial Markets:

DJIA: 34,405.99… +283.54

S & P 500: 4,450.16… +53.60

NASDAQ: 13,787.92… +196.59

U.S. Dollar Index: 102.92… -0.41