Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday, negotiated cash trading has been inactive on very light demand in all major feeding regions. 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:       493

Week Ago:      None

Year Ago:       1,588

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,800

Weighted avg. weight:         859.00

Weighted avg. net price:     292.96

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Cattle Slaughter under Federal Inspection

Tuesday             128,000

Week Ago               2,000

Year Ago             126,000

Week to Date     250,000

Last Week             81,000

Last Year             248,000

Monday

Steers & Heifers:  96,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 312.22… -1.57

Select:  280.24… -2.09

Choice/Select Spread: 31.98

Total Load Count: 161

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Cutter Cow Cutout:

235.06… +2.63

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CME Feeder Cattle Index for July 10th:

238.33… -0.33 / -0.14%

1 Year Change: +39.10%

52 Week Range: 169.02 to 238.66

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Futures Settlements…

Live Cattle:

August: 178.82… +1.62

October: 181.72… +1.77

December: 184.97… +1.22

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Feeder Cattle:

August: 247.15… +0.90

September: 250.30… +0.83

October: 252.10… +0.88

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August Lean Hogs: 97.57… +3.40

August Crude Oil: 74.83… +1.84

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September Corn: 4.9450… +0.0225

September Wheat: 6.6050… +0.1425

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Grain Cash Bids:

Omaha Corn: 5.65… +0.03

Kansas City Wheat: 7.67… +0.06

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Financial Markets:

DJIA: 34,261.42… +315.17

S & P 500: 4,439.26… +31.60

NASDAQ: 13,760.70… +80.23

U.S. Dollar Index: 101.68… -0.29