Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Tuesday 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. 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:            209

Week Ago:          7,092

Year Ago:          13,419

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,200

Weighted avg. weight:         869.00

Weighted avg. net price:     292.78

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Cattle Slaughter under Federal Inspection

Tuesday             124,000

Week Ago          125,000

Year Ago            127,000

Week to Date    246,000

Last Week          244,000

Last Year            250,000 

Monday

Steers & Heifers:  97,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 317.05... +1.49

Select:  289.51... +2.18

Choice/Select Spread: 27.54

Total Load Count: 96

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Cutter Cow Cutout:

239.96… -0.97

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CME Feeder Cattle Index for August 21st:

244.96… -0.27 / +0.27%

1 Year Change: +35.59%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 177.95… +1.02

October: 178.62… -1.25

December: 183.15… -1.15

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Feeder Cattle:

August: 245.50… -1.27

September: 249.00… -1.32

October: 251.22… -1.43

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October Lean Hogs: 79.57… -1.05

September Crude Oil: 80.35… -0.37

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December Corn: 4.7950… -0.0300

December Wheat: 6.2750… +0.0200

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Grain Cash Bids:

Omaha Corn: 5.46… -0.03

Kansas City Wheat: 6.75… -0.01

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Financial Markets:

DJIA: 34,289.03... -176.17

S & P 500: 4,387.65… -12.30

NASDAQ: 13,505.87… +8.28

U.S. Dollar Index: 103.62… -0.37