Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday negotiated cash trading has been mostly inactive with 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:    1,724

Week Ago:        328

Year Ago:     32,077

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,800

Weighted avg. weight:         835.00

Weighted avg. net price:     292.91

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Cattle Slaughter under Federal Inspection

Wednesday       127,000

Week Ago           128,000

Year Ago             126,000

Week to Date     377,000

Last Week          209,000

Last Year            374,000

Tuesday

Steers & Heifers: 101,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 310.98… -1.24

Select:  281.10… +0.86

Choice/Select Spread: 29.88

Total Load Count: 165

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Cutter Cow Cutout:

233.91… -1.15

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CME Feeder Cattle Index for July 11th:

238.22… -0.22 / -0.09%

1 Year Change: +38.20%

52 Week Range: 169.02 to 238.66

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Futures Settlements…

Live Cattle:

August: 176.87… -1.95

October: 180.25… -1.47

December: 183.37… -1.60

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Feeder Cattle:

August: 246.57… -0.58

September: 249.27… -1.03

October: 250.82… -1.28

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August Lean Hogs: 95.35… -2.22

August Crude Oil: 75.75… -0.92

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September Corn: 4.7625… -0.1825

September Wheat: 6.3275… -0.2775

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Grain Cash Bids:

Omaha Corn: 5.46… -0.19

Kansas City Wheat: 7.53… -0.14

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Financial Markets:

DJIA: 34,337.24… +75.82

S & P 500: 4,471.18… +31.92

NASDAQ: 13,918.90… +158.20

U.S. Dollar Index: 100.52… -1.21