Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash trade has been at a standstill. The latest established market was last week with live FOB purchases from 178.00-179.00. In Kansas negotiated cash trade has been inactive on very light demand, however not enough purchases for a market trend. The latest established market was last week with live FOB purchases at 179.00. In Nebraska negotiated cash trade has been slow to moderate on light to moderate demand. Compared to last week dressed delivered purchases traded 2.00-2.50 lower from 292.00-292.50, with a few dressed FOB purchases traded at 295.00. A few live FOB purchases traded from 184.00- 186.00 and a few live Delivered purchases traded at 189.50. However not enough live purchases for a market trend, last week live FOB purchases traded from 185.00-188.00. In the Western Cornbelt negotiated cash trade has been limited on light to moderate demand. Compared to last week live FOB purchases traded 1.00-3.00 lower at 185.00. A few dressed Delivered purchases traded at 292.00, however not enough purchases for a market trend. Last week dressed delivered purchases traded from 290.00-295.00.

Negotiated Sales:

Confirmed:       20,510

Week Ago:        11,891

Year Ago:            3,349

Formula Net - Dressed Steers & Heifers:

Head count priced today:   34,200

Weighted avg. weight:         895.00

Weighted avg. net price:     293.61

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Cattle Slaughter under Federal Inspection

Thursday           124,000

Week Ago          122,000

Year Ago            124,000

Week to Date    488,000

Last Week          489,000

Last Year           498,000 

Wednesday

Steers & Heifers:  92,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 317.63… +0.58

Select:  291.91… +0.32

Choice/Select Spread: 25.72

Total Load Count: 102

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Cutter Cow Cutout:

242.13… +0.89

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CME Feeder Cattle Index for August 23rd:

245.14… +0.39 / +0.16%

1 Year Change: +35.44%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 179.85… +1.80

October: 180.72… +2.05

December: 184.52… +1.60

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Feeder Cattle:

August: 246.50… +1.48

September: 250.75… +2.18

October: 253.25… +2.38

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October Lean Hogs: 80.47… +1.92

October Crude Oil: 79.05… +0.16

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December Corn: 4.8825… -0.0225

December Wheat: 6.3175… -0.0800

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Grain Cash Bids:

Omaha Corn: 5.52… -0.03

Kansas City Wheat: 6.88… -0.02

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Financial Markets:

DJIA: 34,098.86… -375.31

S & P 500: 4,376.16… -59.97

NASDAQ: 13,463.97… -257.06

U.S. Dollar Index: 104.00… +0.58