Texas Daily Ag Market News Summary

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

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Fed Cattle:  As of 3:00 PM Wednesday in the Southern Plains and Nebraska, negotiated cash trading has been at a standstill. In the Western Cornbelt negotiated cash trading has been inactive on very light demand. 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:      433

Week Ago:       142

Year Ago:    16,349

Formula Net - Dressed Steers & Heifers:

Head count priced today:   20,900

Weighted avg. weight:         864.00

Weighted avg. net price:     293.25

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Cattle Slaughter under Federal Inspection

Wednesday      123,000

Week Ago          126,000

Year Ago            125,000

Week to Date    371,000

Last Week          373,000

Last Year            372,000

Tuesday

Steers & Heifers:  98,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 303.18… -2.92

Select:  277.47… -2.13

Choice/Select Spread: 25.71

Total Load Count: 134

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Cutter Cow Cutout:

232.46… -1.75

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CME Feeder Cattle Index for August 1st:

244.88… +0.19 / +0.08%

1 Year Change: +40.70%

52 Week Range: 172.03 to 244.88

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Futures Settlements…

Live Cattle:

August: 178.02… -1.48

October: 180.50… -1.32

December: 184.60… -1.02

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Feeder Cattle:

August: 246.82… -1.65

September: 250.10… -1.80

October: 252.57… -0.83

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October Lean Hogs: 84.87… -0.78

September Crude Oil: 79.49… -1.88

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September Corn: 4.8825… -0.0875

September Wheat: 6.4000… -0.1225

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Grain Cash Bids:

Omaha Corn: 5.63… -0.11

Kansas City Wheat: 7.27… -0.18

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Financial Markets:

DJIA: 35,282.89… -347.66

S & P 500: 4,513.46… -63.25

NASDAQ: 13,973.45… -310.46

U.S. Dollar Index: 102.61… +0.31