Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in Nebraska, negotiated cash trading has been slow with light demand. Compared to last week live purchases, on a light test, traded steady 1.00 higher from 183.00-185.00, and dressed purchases, on a light test, traded steady at 290.00. In the Western Cornbelt negotiated cash trading has been slow on light to moderate demand. Live purchases, when compared to the last reported market on Thursday, traded steady to 4.00 higher from 183.00-184.00. Dressed purchases, when compared to last week, on a light test, traded steady at 290.00. In the Southern Plains negotiated cash trading has been limited on light demand. In the Texas Panhandle, a few, live purchases traded steady at 178.00, when compared to the last reported market on Thursday. In Kansas, not enough purchases for a market trend. The last reported market was on Thursday with live purchases at 178.00.

Negotiated Sales:

Confirmed:       21,827

Week Ago:        17,070

Year Ago:            3,596

Formula Net - Dressed Steers & Heifers:

Head count priced today:   26.400

Weighted avg. weight:         844.00

Weighted avg. net price:     292.94

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Cattle Slaughter under Federal Inspection

Friday                 125,000

Week Ago          123,000

Year Ago            126,000

Week to Date    461,000

Last Week          625,000

Last Year            501,000 

Thursday

Steers & Heifers:    100,000

Cows & Bulls:            27,000

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Boxed Beef:

Cutout Values:

Choice: 316.90… -2.97

Select:  285.63… -4.34

Choice/Select Spread: 31.27

Total Load Count: 134

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Cutter Cow Cutout:

234.04… -0.61

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CME Feeder Cattle Index for July 6th:

231.21… +0.95 / +0.41%

1 Year Change: +41.93%

52 Week Range: 162.90 to 232.78

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Futures Settlements…

Live Cattle:

August: 177.00… +2.43

October: 179.37… +1.95

December: 183.17… +1.55

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Feeder Cattle:

August: 245.42… +3.15

September: 248.60… +3.28

October: 50.22… +3.10

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August Lean Hogs: 95.15… -1.97

August Crude Oil: 73.86… +2.06

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September Corn: 4.8725… -0.1175

September Wheat: 6.4950… -0.0850

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Grain Cash Bids:

Omaha Corn: 5.52… -0.12

Kansas City Wheat: 7.68… -0.26

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Financial Markets:

DJIA: 33,730.50… -192.15

S & P 500: 4,399.04… -12.63

NASDAQ: 13,657.72… -21.32

U.S. Dollar Index: 102.31… -0.83