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 regions. Not enough purchases for a market trend. The latest established market in all regions was last week. In the Southern Plains Live FOB purchases traded at 180.00. In Nebraska and Western Cornbelt Live FOB and Dressed Delivered purchases traded at 188.00 and at 295.00, respectively.

Negotiated Sales:

Confirmed:     865

Week Ago:      117

Year Ago:        184

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,400

Weighted avg. weight:         846.00

Weighted avg. net price:     290.40

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Cattle Slaughter under Federal Inspection

Monday             126,000

Week Ago          120,000

Year Ago            123,000

Friday

Steers & Heifers:    88,000

Cows & Bulls:          26,000

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Boxed Beef:

Cutout Values:

Choice: 304.16… +1.42

Select:  276.99… +0.26

Choice/Select Spread: 27.17

Total Load Count: 99

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Cutter Cow Cutout:

233.52… -0.56

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CME Feeder Cattle Index for July 21st:

241.93… +2.97 / +1.24%

1 Year Change: +43.14%

52 Week Range: 169.91 to 241.93

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Futures Settlements…

Live Cattle:

August: 178.75… -1.27

October: 180.30… -1.60

December: 184.32… -0.85

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Feeder Cattle:

August: 243.25… -2.67

September: 246.62… -2.65

October: 248.67… -2.33

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August Lean Hogs: 100.10… -0.57

August Crude Oil: 78.74… +1.67

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September Corn: 5.6050… +0.3350

September Wheat: 7.5750… +0.6000

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Grain Cash Bids:

Omaha Corn: 6.29… +0.31

Kansas City Wheat: 8.69… +0.59

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Financial Markets:

DJIA: 35,411.70… +183.22

S & P 500: 4,554.68… +18.36

NASDAQ: 14,058.87… +26.06

U.S. Dollar Index: 101.41… +0.33