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 on very light demand. In the Western Cornbelt negotiated cash trading has been limited on light demand. In the Western Cornbelt, a few Live FOB purchases traded at 188.00. However, not enough purchases for a market trend in any region. 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:    2,301

Week Ago:     2,816

Year Ago:     22,418

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,100

Weighted avg. weight:         866.00

Weighted avg. net price:     294.75

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Cattle Slaughter under Federal Inspection

Thursday           123,000

Week Ago          126,000

Year Ago            124,000

Week to Date    494,000

Last Week          499,000

Last Year            496,000

Wednesday

Steers & Heifers:  95,000

Cows & Bulls:        28,000

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Boxed Beef:

Cutout Values:

Choice: 302.01… -1.17

Select:  278.31… +2.23

Choice/Select Spread: 23.70

Total Load Count: 99

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Cutter Cow Cutout:

234.69… +2.23

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CME Feeder Cattle Index for August 2nd:

244.94… +0.06 / +0.02%

1 Year Change: +40.97%

52 Week Range: 172.03 to 244.94

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Futures Settlements…

Live Cattle:

August: 178.50… +0.48

October: 181.30… +0.80

December: 185.55… +0.95

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Feeder Cattle:

August: 247.95… +1.13

September: 251.65… +1.55

October: 253.42… +1.57

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October Lean Hogs: 82.05… -2.82

September Crude Oil: 81.55… +2.06

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September Corn: 4.8075… -0.0750

September Wheat: 6.2700… -0.1300

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Grain Cash Bids:

Omaha Corn: 5.56… -0.07

Kansas City Wheat: 7.08… -0.19

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Financial Markets:

DJIA: 35,212.36… -70.53

S & P 500: 4,501.02… -12.44

NASDAQ: 13,959.72… -13.73

U.S. Dollar Index: 102.55… -0.04