Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in all trading regions, negotiated cash trading has been at a standstill. In the Texas Panhandle last week live FOB purchases traded at 183.00. For the prior week in Kansas live FOB purchases traded from 183.00-184.00. For the previous week in Nebraska live FOB purchases traded at 184.00 and dressed delivered purchases traded from 293.00-295.00. Last week live FOB purchases traded from 184.00-188.00 and dressed delivered purchases traded from 293.00-295.00.

Negotiated Sales:

Confirmed:      277

Week Ago:   11,167

Year Ago:         690

Formula Net - Dressed Steers & Heifers:

Head count priced today:   23,400

Weighted avg. weight:        904.00

Weighted avg. net price:    298.47

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Cattle Slaughter under Federal Inspection

Tuesday                121,000

Week Ago             124,000

Year Ago               126,547

Week to Date       237,000

Last Week WTD   241,000

Last Year WTD     251,583

Monday

Steers & Heifers:   93,000

Cows & Bulls:         23,000

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Boxed Beef:

Cutout Values:

Choice: 311.97… -3.93

Select:  300.25… +0.06

Choice/Select Spread: 11.72

Total Load Count: 167

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Cutter Cow Cutout:

295.20… +0.25

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CME Feeder Cattle Index for August 26th:

242.63… -0.20 / -0.08%

1 Year Change: -2.10%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

August: 185.17… +1.57

October: 179.40… +2.43

December: 178.85… +2.48

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Feeder Cattle:

August: 244.20… -0.30

September: 241.92… +0.57

October: 238.37… +0.90

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October Lean Hogs: 82.07… +1.67

September Crude Oil: 75.66… -1.76

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December Corn: 3.9275… +0.0625

December Wheat: 5.3550… +0.1050

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Grain Cash Bids:

Omaha Corn: 4.03… +0.11

Kansas City Wheat: 4.89… +0.14

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Financial Markets:

DJIA: 41,250.50… +9.98

S & P 500: 5,625.80… +8.96

NASDAQ: 17,754.82… +29.05

U.S. Dollar Index: 100.57… -0.28