Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday, negotiated cash trading has been mostly inactive on light demand in all major feeding regions. Not enough purchases for a market trend in any region. 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:    2,009

Week Ago:   13,674

Year Ago:       9,362

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24,600

Weighted avg. weight:         872.00

Weighted avg. net price:     292.68

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Cattle Slaughter under Federal Inspection

Thursday            127,000

Week Ago           127,000

Year Ago             124,000

Week to Date     504,000

Last Week           336,000

Last Year             498,000

Wednesday

Steers & Heifers:  100,000

Cows & Bulls:         27,000

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Boxed Beef:

Cutout Values:

Choice: 306.91… -4.07

Select:  280.18… -0.92

Choice/Select Spread: 26.73

Total Load Count: 149

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Cutter Cow Cutout:

233.51… -0.40

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CME Feeder Cattle Index for July 12th:

239.69… +1.58 / +0.66%

1 Year Change: +37.71%

52 Week Range: 169.02 to 239.69

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Futures Settlements…

Live Cattle:

August: 176.90… +0.03

October: 180.10… -0.15

December: 183.37… Unchanged

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Feeder Cattle:

August: 245.00… -1.57

September: 247.32… -1.95

October: 248.57… -2.25

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August Lean Hogs: 96.50… +1.15

August Crude Oil: 76.89… +1.14

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September Corn: 4.9350… +0.1725

September Wheat: 6.3975… +0.0700

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Grain Cash Bids:

Omaha Corn: 5.63… +0.17

Kansas City Wheat: 7.56… +0.03

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Financial Markets:

DJIA: 34,394.79… +47.55

S & P 500: 4,510.85… +37.67

NASDAQ: 14,140.28… +219.38

U.S. Dollar Index: 99.75… -0.77