Texas Daily Ag Market News Summary

Fed Cattle:  As of 3:00 PM Friday in the Texas Panhandle, negotiated cash trade has been moderate on moderate demand. Compared to last week live FOB purchases traded steady from 178.00-179.00. In Kansas negotiated cash trade has been slow on light to moderate demand. Compared to last week live FOB purchases traded steady at 179.00. In Nebraska negotiated cash trade has been limited on light demand. However, not enough live or dressed purchases for a full market trend. The last reported market was on Thursday live FOB purchases at 185.00 and dressed Delivered from 292.00-295.00. In Iowa negotiated cash trade has been slow on light demand. However, not enough live or dressed purchases for a full market trend. The last reported market was on Thursday live FOB purchases at 185.00. Last week dressed delivered purchases traded from 290.00-295.00.

Negotiated Sales:

Confirmed:       24,947

Week Ago:          3,421

Year Ago:            2,220

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,400

Weighted avg. weight:         854.00

Weighted avg. net price:     290.89

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Cattle Slaughter under Federal Inspection

Friday                122,000

Week Ago          118,000

Year Ago            123,000

Week to Date    610,000

Last Week          607,000

Last Year            621,000 

Thursday

Steers & Heifers:  98,000

Cows & Bulls:        26,000

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Boxed Beef:

Cutout Values:

Choice: 317.90… +0.27

Select:  292.67… +0.76

Choice/Select Spread: 25.23

Total Load Count: 79

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Cutter Cow Cutout:

240.51… -1.62

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CME Feeder Cattle Index for August 24th:

245.59… +0.45 / +0.18%

1 Year Change: +34.75%

52 Week Range: 172.03 to 245.84

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Futures Settlements…

Live Cattle:

August: 180.67… +0.82

October: 181.17… +0.45

December: 185.12… +0.60

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Feeder Cattle:

August: 247.62… +1.12

September: 251.20… +0.45

October: 253.97… +0.72

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October Lean Hogs: 79.82… -0.65

October Crude Oil: 79.83… +0.78

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December Corn: 4.8800… -0.0025

December Wheat: 6.2175… -0.1000

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Grain Cash Bids:

Omaha Corn: 5.33… -0.09

Kansas City Wheat: 6.89… +0.01

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Financial Markets:

DJIA: 34,346.96… +248.10

S & P 500: 4,405.73… +29.57

NASDAQ: 13,590.65… +126.68

U.S. Dollar Index: 104.11… +0.13