Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in Nebraska and Western Cornbelt, negotiated cash trading has been slow on light to moderate demand. In the Western Cornbelt, compared to the last reported market on Thursday, live purchases traded 1.00 lower from 183.00-186.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded at 290.00. In Nebraska, a few, live and dressed purchases traded at 186.00 and at 291.00, respectively. However, not enough purchases for a market trend. For the prior week in Nebraska live and dressed purchases traded from 183.00-186.50 and at 290.00, respectively. In the Southern Plains negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. Last week in the Southern Plains live purchases traded at 178.00.

Negotiated Sales:

Confirmed:   15,009

Week Ago:    21,827

Year Ago:            952

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,200

Weighted avg. weight:         843.00

Weighted avg. net price:     288.39

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Cattle Slaughter under Federal Inspection

Friday                  121,000

Week Ago           125,000

Year Ago             120,000

Week to Date     625,000

Last Week           461,000

Last Year             618,000

Thursday

Steers & Heifers:   99,000

Cows & Bulls:         28,000

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Boxed Beef:

Cutout Values:

Choice: 305.94… -0.97

Select:  276.61… -3.57

Choice/Select Spread: 29.33

Total Load Count: 136

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Cutter Cow Cutout:

233.28… -0.23

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CME Feeder Cattle Index for July 13th:

239.45… -0.24 / -0.01%

1 Year Change: +38.72%

52 Week Range: 169.02 to 239.69

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Futures Settlements…

Live Cattle:

August: 180.17… +3.27

October: 182.62… +2.52

December: 185.77… +2.40

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Feeder Cattle:

August: 246.65… +1.65

September: 249.22… +1.90

October: 250.47… +1.90

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August Lean Hogs: 96.20… -0.30

August Crude Oil: 75.42… -1.47

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September Corn: 5.0650… +0.1300

September Wheat: 6.6150… +0.2175

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Grain Cash Bids:

Omaha Corn: 5.78… +0.15

Kansas City Wheat: 7.79… +0.23

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Financial Markets:

DJIA: 34,481.84… +87.05

S & P 500: 4,502.30… -8.55

NASDAQ: 14,102.15… -38.13

U.S. Dollar Index: 99.98… +0.23