Texas Daily Ag Market News Summary

The Daily Market News Report is brought to you by The Cattle Range. Please visit their website for more information!

Fed Cattle: 

As of 3:00 PM Friday in the Southern Plains, negotiated cash trading has been inactive on very light demand. Not enough purchases for a market trend. Thursday was the last reported market in the Southern Plains. In the Texas Panhandle live FOB purchases traded at 183.00. In Kansas live FOB purchases traded from182.00-183.00. In Nebraska and Western Cornbelt negotiated cash trading has been limited on light demand. Not enough purchases for a market trend in these regions. In Nebraska Thursday was the last reported market with live FOB purchases mostly at 184.00 and dressed delivered purchases from 288.00-292.00. In the Western Cornbelt Thursday was the last reported live FOB market from 183.00-185.00. Last week dressed delivered purchases traded from 293.00-295.00.

Negotiated Sales:

Confirmed:       5,857

Week Ago:        2,426

Year Ago:       14,960

Formula Net - Dressed Steers & Heifers:

Head count priced today:   29,500

Weighted avg. weight:        896.00

Weighted avg. net price:    294.79

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Cattle Slaughter under Federal Inspection

Friday                   120,000

Week Ago             113,000

Year Ago               129,948

Week to Date       597,000

Last Week WTD   597,000

Last Year WTD     623,232

Thursday

Steers & Heifers:   98,000

Cows & Bulls:        25,000

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Boxed Beef:

Cutout Values:

Choice: 309.34… +0.68

Select:  295.77… -0.37

Choice/Select Spread: 13.52

Total Load Count: 98

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Cutter Cow Cutout:

294.18… -1.59

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CME Feeder Cattle Index for August 29th:

242.95… +0.31 / +0.13%

1 Year Change: -2.49%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 178.60… +0.70

December: 177.55… +0.85

February: 178.45… +1.15

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Feeder Cattle:

September: 240.47… +0.97

October: 237.75… +1.08

November: 235.25… +0.85

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October Lean Hogs: 82.22… +0.05

October Crude Oil: 73.59… -2.32

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December Corn: 4.0100… +0.0500

December Wheat: 5.5150… +0.0275

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Grain Cash Bids:

Omaha Corn: 4.02… +0.06

Kansas City Wheat: 5.03… +0.07

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Financial Markets:

DJIA: 41,562.95… +227.57

S & P 500: 5,648.20… +56.20

NASDAQ: 17,713.62… +197.19

U.S. Dollar Index: 101.71… +0.37