Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in all major feeding regions, negotiated cash trade has been slow to moderate with moderate demand. In the Texas Panhandle, compared to the last reported market on Thursday, Live FOB purchases traded steady at 180.00. In Kansas, compared to the last reported market on Thursday, Live FOB purchases traded mostly steady at 180.00, with a few up to 187.00. Noted, for Friday, in Kansas Live Delivered purchases traded from 184.00-185.00. In Nebraska, compared to the last reported market, Live FOB purchases traded mostly steady at 188.00, with a few up to 191.50. Compared to last week Dressed Delivered purchases traded 3.00-5.00 higher at 295.00, with a few up to 298.00. In the Western Cornbelt not enough Live FOB or Dressed Delivered purchases for a full market trend. The last reported Live FOB purchase market was on Thursday at 188.00. Last week Dressed Delivered purchases traded from 290.00-295.00. Noted, for Friday, Dressed FOB purchases traded at 300.00.

Negotiated Sales:

Confirmed:   26,214

Week Ago:    15,009

Year Ago:       4,613

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,900

Weighted avg. weight:         841.00

Weighted avg. net price:     289.65

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Cattle Slaughter under Federal Inspection

Friday                118,000

Week Ago          121,000

Year Ago            121,000

Week to Date    613,000

Last Week          625,000

Last Year            615,000 

Thursday

Steers & Heifers:    99,000

Cows & Bulls:          27,000

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Boxed Beef:

Cutout Values:

Choice: 302.74… +0.18

Select:  276.73… +2.02

Choice/Select Spread: 26.01

Total Load Count: 103

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Cutter Cow Cutout:

234.08… +0.91

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CME Feeder Cattle Index for July 20th:

238.96… +1.13 / +0.48%

1 Year Change: +40.01%

52 Week Range: 169.02 to 239.69

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Futures Settlements…

Live Cattle:

August: 180.02… -0.30

October: 181.90… -0.86

December: 185.17… -0.80

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Feeder Cattle:

August: 245.92… +0.82

September: 249.27… +0.97

October: 251.00… +1.18

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August Lean Hogs: 100.67… +0.05

August Crude Oil: 77.07… +1.44

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September Corn: 5.2700… -0.1025

September Wheat: 6.9750… -0.2950

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Grain Cash Bids:

Omaha Corn: 5.98… -0.09

Kansas City Wheat: 8.10… -0.15

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Financial Markets:

DJIA: 35,228.48… +4.05

S & P 500: 4,536.32… +1.52

NASDAQ: 14,032.81… -30.50

U.S. Dollar Index: 101.08… +0.20