Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday in all major feeding regions, negotiated cash trading has been at a standstill. 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:     394

Week Ago:      201

Year Ago:     2,385

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,700

Weighted avg. weight:         874.00

Weighted avg. net price:     289.90

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Cattle Slaughter under Federal Inspection

Tuesday             125,000

Week Ago          127,000

Year Ago            125,000

Week to Date    247,000

Last Week          247,000

Last Year            248,000

Monday

Steers & Heifers:  95,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 304.22… +0.06

Select:  277.55… +0.56

Choice/Select Spread: 26.67

Total Load Count: 149

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Cutter Cow Cutout:

233.73… +0.21

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CME Feeder Cattle Index for July 24th:

241.62… -0.31 / -0.13%

1 Year Change: +42.95%

52 Week Range: 169.91 to 241.93

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Futures Settlements…

Live Cattle:

August: 178.30… -0.45

October: 179.60… -0.70

December: 183.30… -1.02

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Feeder Cattle:

August: 243.22… -0.03

September: 246.35… -0.27

October: 248.40… -0.27

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October Lean Hogs: 84.37… +1.72

August Crude Oil: 79.63... +0.89

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September Corn: 5.5750… -0.0300

September Wheat: 7.6025… +0.0275

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Grain Cash Bids:

Omaha Corn: 6.28… -0.01

Kansas City Wheat: 8.63… -0.06

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Financial Markets:

DJIA: 35,434.81… +23.11

S & P 500: 4,567.48… +12.80

NASDAQ: 14,144.89… +86.02

U.S. Dollar Index: 101.31… -0.04

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