Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in the Southern Plains and Western Cornbelt, negotiated cash trading has been slow with light demand. In the Texas Panhandle, compared to last week, a light test of live purchases traded 1.00 lower at 178.00. In Kansas, compared to last week, a light test of live purchases traded steady at 178.00. In the Western Cornbelt, compared to last week, live purchases traded unevenly steady from 179.00-184.00. In the Western Cornbelt, last week, dressed purchases traded at 290.00. In Nebraska negotiated cash trading has been mostly inactive on very light demand. Not enough purchases for a market trend. Last week, in Nebraska, live and dressed purchases traded from 182.00-185.00 and at 290.00, respectively.

Negotiated Sales:

Confirmed:       13,674

Week Ago:          3,556

Year Ago:          34,330

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,000

Weighted avg. weight:         853.00

Weighted avg. net price:     293.44

-

Cattle Slaughter under Federal Inspection

Thursday           127,000

Week Ago          125,000

Year Ago             125,,000

Week to Date    336,000

Last Week          502,000

Last Year            375,000 

Wednesday

Steers & Heifers:    100,000

Cows & Bulls:            28,000

-

Boxed Beef:

Cutout Values:

Choice: 319.87… -2.91

Select:  289.97… -2.72

Choice/Select Spread: 29.90

Total Load Count: 126

-

Cutter Cow Cutout:

234.65… +0.55

-

CME Feeder Cattle Index for July 5th:

232.80… +0.02 / +0.01%

1 Year Change: +42.91%

52 Week Range: 162.90 to 232.80

-

Futures Settlements…

Live Cattle:

August: 174.57… -0.38

October: 177.42… -0.45

December: 181.62… -0.58

-

Feeder Cattle:

August: 242.27… -2.43

September: 245.32… -2.83

October: 247.12… -2.78

-

August Lean Hogs: 97.12… -0.33

August Crude Oil: 71.80… +0.01

-

September Corn: 4.9900… +0.1375

September Wheat: 6.5800… -0.1625

-

Grain Cash Bids:

Omaha Corn: 5.64… +0.23

Kansas City Wheat: 7.94… -0.02

-

Financial Markets:

DJIA: 33,922.65… -366.78

S & P 500: 4,411.67… -35.15

NASDAQ: 13,679.04… -112.61

U.S. Dollar Index: 103.14… -0.23