Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday, negotiated cash trading has been at a standstill in all regions. For last week in the Southern Plains live Fob purchases traded at 180.00. The latest established market was last week in Western Cornbelt and Nebraska live FOB purchases traded at 188.00 and dressed delivered purchases traded at 295.00.

Negotiated Sales:

Confirmed:        325

Week Ago:         180

Year Ago:           800

Formula Net - Dressed Steers & Heifers:

Head count priced today:   41,900

Weighted avg. weight:         875.00

Weighted avg. net price:     292.42

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Cattle Slaughter under Federal Inspection

Monday             119,000

Week Ago          123,000

Year Ago            121,000

Friday

Steers & Heifers:  84,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 305.50… +2.89

Select:  280.45… +3.22

Choice/Select Spread: 25.05

Total Load Count: 96

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Cutter Cow Cutout:

237.91… +3.33

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CME Feeder Cattle Index for August 11th:

244.81… +0.29 / +0.12%

1 Year Change: +36.73%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 179.75… -0.62

October: 180.67… -0.65

December: 184.97… -0.48

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Feeder Cattle:

August: 246.22… -1.53

September: 250.12… -1.33

October: 251.85… -1.02

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October Lean Hogs: 79.15… -2.17

September Crude Oil: 82.51… -0.68

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September Corn: 4.7575… +0.0125

September Wheat: 6.1600…-0.1075

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Grain Cash Bids:

Omaha Corn: 5.56… +0.11

Kansas City Wheat: 6.86… -0.05

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Financial Markets:

DJIA: 35,308.26… +22.47

S & P 500: 4,489.86… +23.38

NASDAQ: 13,788.33… +132.54

U.S. Dollar Index: 103.12… +0.28