Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday 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 with very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 178.00. In Nebraska live and dressed purchases traded from 183.00-186.50 and at 290.00, respectively. In the Western Cornbelt live and dressed purchases traded from 182.00-184.00 and at 290.00, respectively.

Negotiated Sales:

Confirmed:       245

Week Ago:        286

Year Ago:          538

Formula Net - Dressed Steers & Heifers:

Head count priced today:   38,400

Weighted avg. weight:         852.00

Weighted avg. net price:     288.26

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Cattle Slaughter under Federal Inspection

Monday              125,000

Week Ago            79,000

Year Ago             122,000

Friday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 313.79… -3.11

Select:  282.33… -3.30

Choice/Select Spread: 31.46

Total Load Count: 106

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Cutter Cow Cutout:

232.43… -1.61

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CME Feeder Cattle Index for July 7th:

238.66… +7.45 / +3.22%

1 Year Change: +38.59%

52 Week Range: 169.02 to 238.66

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Futures Settlements…

Live Cattle:

August: 177.20… +0.22

October: 179.95… +0.58

December: 183.75… +0.58

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Feeder Cattle:

August: 246.25… +0.83

September: 249.47… +0.87

October: 251.22… +1.00

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August Lean Hogs: 94.17… -0.98

August Crude Oil: 72.99… -0.87

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September Corn: 4.9225… +0.0500

September Wheat: 6.4625… -0.0325

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Grain Cash Bids:

Omaha Corn: 5.62… +0.10

Kansas City Wheat: 7.61… -0.07

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Financial Markets:

DJIA: 33,946.25… +215.75

S & P 500: 4,407.66… +8.62

NASDAQ: 13,680.47… +22.75

U.S. Dollar Index: 101.97… -0.34