Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday in the Western Cornbelt and Nebraska, negotiated cash trading was inactive on very light demand. in the Southern Plains negotiated cash trading was at a standstill. Not enough purchases for a market trend. The latest established market was last week in all regions. In the Southern Plains Live FOB purchases traded from 178.00-179.00. In Nebraska Live FOB purchases traded at 186.00 and Dressed Delivered purchases traded from 292.00-295.00. In the Western Cornbelt Live FOB purchases traded from 185.00-188.00 and Dressed Delivered purchases traded from 292.00-295.00. Last week a light test of purchases was noted in all regions.

Negotiated Sales:

Confirmed:      226

Week Ago:       394

Year Ago:      2,741

Formula Net - Dressed Steers & Heifers:

Head count priced today:   24.200

Weighted avg. weight:         843.00

Weighted avg. net price:     293.90

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Cattle Slaughter under Federal Inspection

Tuesday             124,000

Week Ago          125,000

Year Ago            125,000

Week to Date    248,000

Last Week          247,000

Last Year            247,000

Monday

Steers & Heifers:  98,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 306.10… +4.32

Select:  279.60… +1.87

Choice/Select Spread: 26.50

Total Load Count: 102

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Cutter Cow Cutout:

234.21… -0.10

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CME Feeder Cattle Index for July 31st:

244.69… +0.83 / +0.34%

1 Year Change: +40.03%

52 Week Range: 172.03 to 244.69

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Futures Settlements…

Live Cattle:

August: 179.50… +1.45

October: 181.82… +2.30

December: 185.62… +2.22

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Feeder Cattle:

August: 248.47… +2.87

September: 251.90… +2.70

October: 253.40… +2.38

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October Lean Hogs: 85.65… -0.35

September Crude Oil: 81.37… -0.43

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September Corn: 4.9700… -0.0700

September Wheat: 6.5225… -0.1350

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Grain Cash Bids:

Omaha Corn: 5.74… -0.05

Kansas City Wheat: 7.45… -0.13

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Financial Markets:

DJIA: 35,630.55… +74.25

S & P 500: 4,576.71… -12.44

NASDAQ: 14,283.91… -60.36

U.S. Dollar Index: 102.22… +0.36