Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trading has been at a standstill. In Kansas and Nebraska negotiated cash trading has been inactive with very light demand. In the Western Cornbelt negotiated cash trading has been slow on light to moderate demand. A few Live FOB purchases traded from 185.00-186.00. However, not enough purchases for a full 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:  9,578

Week Ago: 26,214

Year Ago:     4,525

Formula Net - Dressed Steers & Heifers:

Head count priced today:   16,900

Weighted avg. weight:         871.00

Weighted avg. net price:     298.73

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Cattle Slaughter under Federal Inspection

Friday                118,000

Week Ago          114,000

Year Ago            122,000

Week to Date    609,000

Last Week         609,000

Last Year           613,000

Wednesday

Steers & Heifers:  99,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 302.00… -0.86

Select:  277.54… -2.22

Choice/Select Spread: 24.46

Total Load Count: 101

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Cutter Cow Cutout:

233.31… -1.53

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CME Feeder Cattle Index for July 27th:

242.87… +0.58 / +0.24%

1 Year Change: +40.95%

52 Week Range: 169.91 to 242.87

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Futures Settlements…

Live Cattle:

August: 178.15… +0.10

October: 179.60… +0.10

December: 183.60… +0.20

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Feeder Cattle:

August: 245.60… +0.95

September: 248.97… +0.70

October: 251.00… +0.65

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October Lean Hogs: 85.02… +1.77

September Crude Oil: 80.58… +0.49

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September Corn: 5.2100… -0.1225

September Wheat: 7.0425… -0.0850

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Grain Cash Bids:

Omaha Corn: 5.96… -0.12

Kansas City Wheat: 7.83… -0.08

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Financial Markets:

DJIA: 35,452.31… -165.34

S & P 500: 4,582.13… +44.15

NASDAQ: 14,313.32… +259.90

U.S. Dollar Index: 101.64… -0.14