Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Monday in all trading regions, negotiated cash trade has been at a standstill. The latest established market in all regions was last week. In the Texas Panhandle Live FOB purchases traded from 178.00-179.00. In Kansas Live FOB purchases traded at 179.00. In Nebraska Live FOB purchases traded from 185.00-188.00 and dressed Delivered purchases traded from 294.00-295.00, with a few up to 298.00. In the Western Cornbelt Live FOB purchases traded from 186.00-188.00 and dressed Delivered purchases traded from 290.00-295.00.

Negotiated Sales:

Confirmed:            39

Week Ago:            325

Year Ago:              286

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,500

Weighted avg. weight:         875.00

Weighted avg. net price:     292.13

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Cattle Slaughter under Federal Inspection

Monday             122,000

Week Ago          119,000

Year Ago           123,000

Friday

Steers & Heifers:  93,000

Cows & Bulls:       25,000

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Boxed Beef:

Cutout Values:

Choice: 315.56… -0.55

Select:  287.33… -1.03

Choice/Select Spread: 28.23

Total Load Count: 64

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Cutter Cow Cutout:

240.93… +0.35

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CME Feeder Cattle Index for August 18th:

245.23… +1.19 / +0.49%

1 Year Change: +35.74%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 178.97… +0.45

October: 179.87… +1.05

December: 184.30… +1.13

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Feeder Cattle:

August: 246.77… +1.20

September: 250.32… +1.80

October: 252.65… +1.95

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October Lean Hogs: 80.62… -1.50

September Crude Oil: 80.72… +0.53

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December Corn: 4.8250… -0.1050

December Wheat: 6.2550… -0.1350

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Grain Cash Bids:

Omaha Corn: 5.49… -0.11

Kansas City Wheat: 6.76… -0.13

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Financial Markets:

DJIA: 34,465.20… -36.68

S & P 500: 4,399.95… +29.91

NASDAQ: 13,497.59… +206.81

U.S. Dollar Index: 103.33… -0.05