Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in the Western Cornbelt, negotiated cash trading has been slow to moderate with light to moderate demand. Compared to last week live purchases traded mostly 3.00-4.00 higher at 188.00. Not enough dressed purchases for a market trend. Last week dressed purchases traded from 290.00-295.00. In Nebraska negotiated cash trading has been limited on light demand. A few early live purchases traded at 188.00. In the Southern Plains negotiated cash trading has been inactive on light demand. However, not enough purchases in these regions for a full market trend. In Nebraska for the previous week live and dressed purchases traded at 186.00 and from 290.00-292.00, respectively. Last week in Kansas live purchases, on a light test, traded from 175.00-184.00. In the Texas Panhandle the most recent reported market was two weeks ago with live purchases at 178.00.

Negotiated Sales:

Confirmed:   19,778

Week Ago:      2,009

Year Ago:        6,984

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,000

Weighted avg. weight:         883.00

Weighted avg. net price:     293.36

-

Cattle Slaughter under Federal Inspection

Thursday           126,000

Week Ago          127,000

Year Ago            122,000

Week to Date    495,000

Last Week          504,000

Last Year           494,000 

Tuesday

Steers & Heifers:    95,000

Cows & Bulls:          27,000

-

Boxed Beef:

Cutout Values:

Choice: 302.56… -1.03

Select:  274.71… -1.25

Choice/Select Spread: 27.85

Total Load Count: 152

-

Cutter Cow Cutout:

233.17… -0.55

-

CME Feeder Cattle Index for July 19th:

237.83… -0.65 / -0.27%

1 Year Change: +39.35%

52 Week Range: 169.02 to 239.69

-

Futures Settlements…

Live Cattle:

August: 180.32… -1.00

October: 182.76… -0.96

December: 185.97… -1.05

-

Feeder Cattle:

August: 245.10… -1.70

September: 248.30… -1.02

October: 249.82… -0.73

-

August Lean Hogs: 100.62… +2.70

August Crude Oil: 75.63… -0.28

-

September Corn: 5.3725… -0.0825

September Wheat: 7.2700… -0.0075

-

Grain Cash Bids:

Omaha Corn: 6.07… -0.06

Kansas City Wheat: 8.25… +0.08

-

Financial Markets:

DJIA: 35,224.43… +160.39

S & P 500: 4,534.80… -32.05

NASDAQ: 14,063.31… -295.13

U.S. Dollar Index: 100.83… +.52