Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday in the Western Cornbelt, trade has been inactive on very light demand. In all other regions trade has been at a standstill. In the Southern Plains for last week Live FOB purchases traded at 180.00. In Kansas Live Delivered purchases traded from 184.00-185.50. In Nebraska and the Western Cornbelt for last week Live FOB purchases traded at 188.00 and Dressed Delivered purchases traded on a light test, at 295.00.

Negotiated Sales:

Confirmed:       180

Week Ago:        854

Year Ago:          175

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,000

Weighted avg. weight:         863.00

Weighted avg. net price:     293.06

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Cattle Slaughter under Federal Inspection

Monday             116,000

Week Ago          124,000

Year Ago            118,000

Friday

Steers & Heifers:  88,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 301.49… -0.30

Select:  275.01… -1.47

Choice/Select Spread: 26.48

Total Load Count: 91

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Cutter Cow Cutout:

234.09… +0.41

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CME Feeder Cattle Index for August 4th:

245.20… -0.64 / -0.26%

1 Year Change: +39.87%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 179.70… -1.20

October: 181.42… -1.48

December: 185.77… -1.28

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Feeder Cattle:

August: 246.97… -2.55

September: 250.87… -2.58

October: 252.90… -2.52

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October Lean Hogs: 84.82… +1.75

September Crude Oil: 81.94… -0.88

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September Corn: 4.8225… -0.0200

September Wheat: 6.5750… +0.2450

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Grain Cash Bids:

Omaha Corn: 5.57… -0.02

Kansas City Wheat: 7.23… +0.11

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Financial Markets:

DJIA: 35,473.79… -404.18

S & P 500: 4,518.53… +40.15

NASDAQ: 13,994.40… +83.75

U.S. Dollar Index: 102.07… +0.05