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 Nebraska, negotiated cash trade has been slow on moderate demand. Compared to last week live FOB purchases traded steady at 188.00 and dressed delivered purchases traded steady at 295.00. In the Western Cornbelt trade negotiated cash trade has been slow on light moderate demand. Live FOB purchases traded steady at 188.00 when compared to the last established market on Thursday. Not enough dressed purchase for a market test. Last week dressed delivered purchases traded at 295.00. In Kansas negotiated cash trading has been inactive on light demand. Not enough purchases for a market test. Last week Live FOB purchases traded at 180.00. In the Texas Panhandle negotiated cash trade has been at a standstill. Last week Live FOB purchases traded at 180.00.

Negotiated Sales:

Confirmed:     18,423

Week Ago:      23,473

Year Ago:           1,291

Formula Net - Dressed Steers & Heifers:

Head count priced today:   3427,100

Weighted avg. weight:         847.00

Weighted avg. net price:     295.15

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Cattle Slaughter under Federal Inspection

Friday                 109,000

Week Ago          113,000

Year Ago            117,000

Week to Date    600,000

Last Week          607,000

Last Year            610,000

Thursday

Steers & Heifers:  96,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 302.61… +0.58

Select:  277.23… -0.57

Choice/Select Spread: 25.38

Total Load Count: 73

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Cutter Cow Cutout:

234.58… +0.32

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CME Feeder Cattle Index for August 9th:

244.52… -0.90 / -0.37%

1 Year Change: +37.16%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 180.37… -0.73

October: 181.32… -1.20

December: 185.45… -1.15

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Feeder Cattle:

August: 247.75… -0.25

September: 251.45… -0.12

October: 252.87… -0.45

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October Lean Hogs: 81.32… +1.00

September Crude Oil: 83.19… -0.37

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September Corn: 4.7450… -0.0875

September Wheat: 6.2675… -0.1100

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Grain Cash Bids:

Omaha Corn: 5.35… -0.08

Kansas City Wheat: 6.91… -0.13

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Financial Markets:

DJIA: 35,285.79… +110.04

S & P 500: 4,466.48… -2.43

NASDAQ: 13,655.79… -82.20

U.S. Dollar Index: 102.89… +0.37