Fed Cattle: As of 3:00 PM Friday in the Southern Plains, negotiated cash trade has been slow on light demand, with a few live FOB purchases in the Texas Panhandle at 178.00. However not enough purchases for a market test. The latest established market in the Southern Plains was Thursday with live FOB purchases from 177.00-179.00. In Nebraska and the Western Cornbelt negotiated cash trade has been at a slow on light demand. The latest established market in Nebraska was on Thursday with live cash FOB purchases traded from 185.00-187.50, with a light test of dressed purchases from 294.00-297.00. The latest established market in the Western Cornbelt was on Thursday live cash FOB purchases traded mostly at 186.00, with a light test of dressed purchases from 294.00-297.00.
Negotiated Sales:
Confirmed: 3,421
Week Ago: 18,423
Year Ago: 3,144
Formula Net - Dressed Steers & Heifers:
Head count priced today: 33,900
Weighted avg. weight: 854.00
Weighted avg. net price: 292.20
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Cattle Slaughter under Federal Inspection
Friday 118,000
Week Ago 109,000
Year Ago 123,000
Week to Date 607,000
Last Week 600,000
Last Year 625,000
Thursday
Steers & Heifers: 96,000
Cows & Bulls: 26,000
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Boxed Beef:
Cutout Values:
Choice: 316.11… +1.97
Select: 288.36… +2.10
Choice/Select Spread: 27.75
Total Load Count: 92
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Cutter Cow Cutout:
240.58… +3.93
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CME Feeder Cattle Index for August 17th:
244.04… -0.22 / -0.09%
1 Year Change: +35.68%
52 Week Range: 172.03 to 245.84
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Futures Settlements…
Live Cattle:
August: 178.52… +0.47
October: 178.82… +0.50
December: 183.17… +0.65
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Feeder Cattle:
August: 245.57… +1.30
September: 248.52… +1.40
October: 250.70… +1.38
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October Lean Hogs: 82.12… +2.97
September Crude Oil: 81.25… +0.86
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September Corn: 4.7950… +0.0650
September Wheat: 6.1325… +0.2375
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Grain Cash Bids:
Omaha Corn: 5.60… +0.07
Kansas City Wheat: 6.89… +0.21
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Financial Markets:
DJIA: 34,501.88… +27.98
S & P 500: 4,370.04… -0.09
NASDAQ: 13,290.78… -26.15
U.S. Dollar Index: 103.40… -0.17