Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been slow on light to moderate demand. In Kansas negotiated cash trade has been limited on light demand. Compared to last week in the Southern Plains live cash FOB purchases traded 1.00 lower at 179.00. In Nebraska negotiated cash trade has been light on moderate demand. Thus far for the week live cash FOB purchases traded steady to mostly 2.00 lower from 185.00-188.00, compared to last week. Last week dressed purchases traded at 295.00. In the Western Cornbelt negotiated cash trade has been light on moderate demand, however not enough purchases for a market test. The latest established market was on Tuesday with live FOB purchases from 187.00-188.00, mostly at 187.00. Last week dressed purchases traded at 295.00.

Negotiated Sales:

Confirmed:       11,891

Week Ago:          5,955

Year Ago:          29,152

Formula Net - Dressed Steers & Heifers:

Head count priced today:   36,900

Weighted avg. weight:        891.00

Weighted avg. net price:     295.13

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Cattle Slaughter under Federal Inspection

Thursday           122,000

Week Ago          122,000

Year Ago            127,000

Week to Date    489,000

Last Week          491,000

Last Year           502,000 

Wednesday

Steers & Heifers:  96,000

Cows & Bulls:        27,000

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Boxed Beef:

Cutout Values:

Choice: 314.14… +5.15

Select:  286.26… +1.49

Choice/Select Spread: 27.88

Total Load Count: 100

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Cutter Cow Cutout:

236.65… -2.69

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CME Feeder Cattle Index for August 16th:

244.26… -0.68 / -0.28%

1 Year Change: +35.81%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 178.05… -0.72

October: 178.32… -0.95

December: 182.52… -1.05

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Feeder Cattle:

August: 244.27… -1.10

September: 247.12… -1.88

October: 249.32… -1.65

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October Lean Hogs: 79.15… +0.98

September Crude Oil: 80.39… -1.01

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September Corn: 4.7300… +0.0350

September Wheat: 5.8950… -0.0825

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Grain Cash Bids:

Omaha Corn: 5.53… +0.03

Kansas City Wheat: 6.68… -0.10

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Financial Markets:

DJIA: 34,473.90… -291.74

S & P 500: 4,370.13… -34.14

NASDAQ: 13,316.93… -157.70

U.S. Dollar Index: 103.44… +0.01