Texas Daily Ag Market News Summary

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