Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday, negotiated cash trading has been inactive on very light demand in all major feeding regions. Last week in Kansas live purchases, with a light test, traded from 175.00-184.00. In Nebraska for the previous week live and dressed purchases traded at 186.00 and from 290.00-292.00, respectively. In the Western Cornbelt for the prior week live and dressed purchases traded from 184.00-185.00 and from 290.00-295.00, respectively. In the Texas Panhandle from two weeks ago live purchases traded at 178.00.

Negotiated Sales:

Confirmed:         117

Week Ago:          245

Year Ago:            236

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,500

Weighted avg. weight:         859.00

Weighted avg. net price:     287.44

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Cattle Slaughter under Federal Inspection

Monday              126,000

Week Ago           122,000

Year Ago             124,000

Friday

Steers & Heifers:   95,000

Cows & Bulls:         26,000

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Boxed Beef:

Cutout Values:

Choice: 306.78… +0.84

Select:  275.74… -0.87

Choice/Select Spread: 31.04

Total Load Count: 105

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Cutter Cow Cutout:

235.00… +1.72

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CME Feeder Cattle Index for July 14th:

237.73… -1.72 / -0.72%

1 Year Change: +37.68%

52 Week Range: 169.02 to 239.69

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Futures Settlements…

Live Cattle:

August: 180.12… -0.05

October: 182.25… -0.37

December: 185.85… +0.08

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Feeder Cattle:

August: 249.25… +2.60

September: 251.42… +2.20

October: 252.35… +1.88

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August Lean Hogs: 94.77… -1.43

August Crude Oil: 74.15… -1.27

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September Corn: 4.9925… -0.0725

September Wheat: 6.5375… -0.0775

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Grain Cash Bids:

Omaha Corn: 5.69… +0.09

Kansas City Wheat: 7.65… -0.14

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Financial Markets:

DJIA: 34,582.16… +73.32

S & P 500: 4,522.29… +16.99

NASDAQ: 14,243.35… +130.20

U.S. Dollar Index: 99.84… -0.07