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 Friday in the Western Cornbelt, negotiated cash trading and demand have been moderate. Compared to the last reported market on Thursday, Live FOB purchases traded mostly steady at 188.00. Not enough Dressed Delivered purchases for a market trend. Last week Dressed Delivered purchases traded from 292.00-295.00. In Kansas and Nebraska negotiated cash trading has been limited on light demand. In Kansas, a few Live Delivered purchases traded from 184.00-185.50. In Nebraska, a few Live FOB purchases traded at 188.00. In the Texas Panhandle negotiated cash trading has been mostly inactive on very light demand. Not enough purchases in these three regions for a full market trend. The latest established market was last week in the Southern Plains, Live FOB purchases traded from 178.00-179.00. The latest established market was last week in Nebraska, Live FOB purchases traded at 186.00 and Dressed Delivered purchases traded from 292.00-295.00.

Negotiated Sales:

Confirmed:  23,473

Week Ago:     9,578

Year Ago:       5,843

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,400

Weighted avg. weight:         856.00

Weighted avg. net price:     292.06

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Cattle Slaughter under Federal Inspection

Friday                 113,000

Week Ago          110,000

Year Ago            114,000

Week to Date    607,000

Last Week          609,000

Last Year            610,000

Thursday

Steers & Heifers:  97,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 301.79… -0.22

Select:  276.48… -1.83

Choice/Select Spread: 25.31

Total Load Count: 121

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Cutter Cow Cutout:

233.68… -1.01

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CME Feeder Cattle Index for August 3rd:

245.84… +0.90 / +0.37%

1 Year Change: +40.14%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 180.90… +2.40

October: 182.90… +1.60

December: 187.05… +1.50

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Feeder Cattle:

August: 249.52… +1.57

September: 253.45… +1.80

October: 255.42… +2.00

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October Lean Hogs: 83.07… +1.02

September Crude Oil: 82.82… +1.27

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September Corn: 4.8425… +0.0350

September Wheat: 6.3300… +0.0600

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Grain Cash Bids:

Omaha Corn: 5.59… +0.03

Kansas City Wheat: 7.12… +0.04

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Financial Markets:

DJIA: 35,069.61… -142.75

S & P 500: 4,478.38… -22.64

NASDAQ: 13,910.65… -49.07

U.S. Dollar Index: 102.04… -0.51