Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska and Western Cornbelt negotiated cash trading has been inactive on very light demand. Not enough purchases in any region for a market trend. Last week in Kansas live purchases, on 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 two weeks ago, with live purchases at 178.00.

Negotiated Sales:

Confirmed:         201

Week Ago:          493

Year Ago:         4,951

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,300

Weighted avg. weight:         847.00

Weighted avg. net price:     293.41

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Cattle Slaughter under Federal Inspection

Tuesday             127,000

Week Ago          128,000

Year Ago            123,000

Week to Date    247,000

Last Week          250,000

Last Year            247,000 

Monday

Steers & Heifers:  93,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 304.68… -2.10

Select:  276.61… +0.87

Choice/Select Spread: 28.07

Total Load Count: 123

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Cutter Cow Cutout:

233.88… -1.12

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CME Feeder Cattle Index for July 17th:

238.45… +0.72 / +0.30%

1 Year Change: +38.23%

52 Week Range: 169.02 to 239.69

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Futures Settlements…

Live Cattle:

August: 181.27… +1.15

October: 183.55… +1.30

December: 187.00… +1.15

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Feeder Cattle:

August: 248.00… -1.25

September: 250.00… -1.42

October: 251.07… -1.28

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August Lean Hogs: 96.27… +1.50

August Crude Oil: 75.75… +1.60

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September Corn: 5.2875… +0.2950

September Wheat: 6.7075… +0.1700

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Grain Cash Bids:

Omaha Corn: 5.99… +0.30

Kansas City Wheat: 7.77… +0.12

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Financial Markets:

DJIA: 34,955.89… +373.73

S & P 500: 4,555.22… +32.93

NASDAQ: 14,353.01… +109.66

U.S. Dollar Index: 99.96… +0.12