Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in the Southern Plains, negotiated cash trading has been at a standstill. In Nebraska negotiated cash trading has been inactive with very light demand. In the Western Cornbelt negotiated cash trading has been limited on light demand. A few Live FOB purchases traded at 186.00. However, 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:  2,816

Week Ago: 19,778

Year Ago:     7,888

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,100

Weighted avg. weight:         876.00

Weighted avg. net price:     293.12

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Cattle Slaughter under Federal Inspection

Thursday          126,000

Week Ago          126,000

Year Ago            119,000

Week to Date    499,000

Last Week          495,000

Last Year           491,000

Wednesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 302.86… -0.48

Select:  279.76… -0.05

Choice/Select Spread: 23.10

Total Load Count: 114

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Cutter Cow Cutout:

234.84… -0.16

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CME Feeder Cattle Index for July 26th:

242.29… +0.28 / +0.12%

1 Year Change: +40.42%

52 Week Range: 169.91 to 242.29

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Futures Settlements…

Live Cattle:

August: 178.05… -0.62

October: 179.50… -0.45

December: 183.40… -0.15

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Feeder Cattle:

August: 244.65… +0.45

September: 248.27… +0.82

October: 250.35… +0.90

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October Lean Hogs: 83.25… -0.37

August Crude Oil: 80.09… -1.31

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September Corn: 5.3325… -0.0700

September Wheat: 7.1275… -0.0725

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Grain Cash Bids:

Omaha Corn: 6.08… -0.03

Kansas City Wheat: 8.12… +0.02

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Financial Markets:

DJIA: 35,286.97… -235.26

S & P 500: 4,537.98… -29.98

NASDAQ: 14,053.42… -73.86

U.S. Dollar Index: 101.78… +0.89