Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Wednesday, negotiated cash trade was limited on light to moderate demand in the Texas Panhandle. In Kansas trade was light to moderate trade in demand in Kansas. Compared to last week in the Southern Plains, live FOB purchases traded 1.00 lower at 179.00. Negotiated trade was limited on light to moderate demand in Nebraska and the Western Cornbelt. Nebraska reported a few live FOB purchases at 188.00 with a few ranging from 187.00-188.00 in the Western Cornbelt. However not enough purchases in any region for an adequate market test. The latest established market in the Western Cornbelt was on Tuesday with live purchases at 188.00. Last week dressed purchases in the Western Cornbelt traded at 295.00. Last week in Nebraska, live FOB purchases traded at 188.00 and dressed delivered purchases traded at 295.00.

Negotiated Sales:

Confirmed:        9,071

Week Ago:         3,271

Year Ago:           6,351

Formula Net - Dressed Steers & Heifers:

Head count priced today:    24,800

Weighted avg. weight:         846.00

Weighted avg. net price:     294.27

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Cattle Slaughter under Federal Inspection

Wednesday      123,000

Week Ago          122,000

Year Ago            127,000

Week to Date    367,000

Last Week          369,000

Last Year            375,000 

Tuesday

Steers & Heifers:  98,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 308.99… +1.73

Select:  284.77… +1.74

Choice/Select Spread: 24.22

Total Load Count: 118

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Cutter Cow Cutout:

239.34… +2.47

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CME Feeder Cattle Index for August 15th:

244.94… +0.30 / +0.12%

1 Year Change: +36.57%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 178.77… -0.33

October: 179.27… -0.70

December: 183.57… -0.60

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Feeder Cattle:

August: 245.37… -0.50

September: 249.00… -0.77

October: 250.97… -0.58

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October Lean Hogs: 78.17… -0.03

September Crude Oil: 79.38… -1.61

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September Corn: 4.6950… +0.0550

September Wheat: 5.9775… -0.0075

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Grain Cash Bids:

Omaha Corn: 5.50… +0.06

Kansas City Wheat: 6.78… +0.05

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Financial Markets:

DJIA: 34,765.64… -181.35

S & P 500: 4,404.27… -33.52

NASDAQ: 13,765.64… -156.42

U.S. Dollar Index: 103.48… +0.27