Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in the Western Cornbelt, negotiated cash trade has been slow on light to moderate demand with a few early live FOB purchases from 188.00-190.00. In Nebraska negotiated cash trade has been mostly inactive on light demand. In Kansas negotiated cash trade has been limited on light demand with a few live FOB purchases traded at 186.00. However not enough for an adequate market test in these regions. In the Texas Panhandle negotiated cash trade has been at a standstill. The latest established market in the Southern Plains was last week Live FOB purchases traded at 180.00. The latest established market in Nebraska and the Western Cornbelt was last week Live FOB purchases traded at 188.00 and Dressed Delivered purchases traded on a light test, at 295.00.

Negotiated Sales:

Confirmed:      5,955

Week Ago:       2,301

Year Ago:       25,300

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,100

Weighted avg. weight:         889.00

Weighted avg. net price:     295.31

-

Cattle Slaughter under Federal Inspection

Thursday           122,000

Week Ago          123,000

Year Ago            123,000

Week to Date    491,000

Last Week          484,000

Last Year            493,000

Wednesday

Steers & Heifers:  96,000

Cows & Bulls:        26,000

-

Boxed Beef:

Cutout Values:

Choice: 302.03… -1.49

Select:  277.80… -0.34

Choice/Select Spread: 24.23

Total Load Count: 107

-

Cutter Cow Cutout:

234.26… -1.01

-

CME Feeder Cattle Index for August 9th:

245.42… +0.46 / +0.19%

1 Year Change: +37.83%

52 Week Range: 172.03 to 245.84

-

Futures Settlements…

Live Cattle:

August: 181.10… +0.53

October: 182.52… +0.82

December: 186.60… +1.10

-

Feeder Cattle:

August: 248.00… +0.85

September: 251.57… +0.95

October: 253.32… +1.17

-

October Lean Hogs: 80.32… -1.25

September Crude Oil: 84.40

-

September Corn: 4.8100

September Wheat: 6.3500

-

Grain Cash Bids:

Omaha Corn: 5.71

Kansas City Wheat: 7.02

-

Financial Markets:

DJIA: 35,175.75… +51.80

S & P 500: 4,468.91… +1.07

NASDAQ: 13,737.99… +15.97

U.S. Dollar Index: 102.62… +0.13