Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Tuesday in all trading regions, negotiated cash trade has been at standstill. Last week in the Texas Panhandle live FOB purchases traded at 183.00. Last week in Kansas live FOB purchases traded from 182.00-183.00. Last week in Nebraska live FOB purchases mostly at 184.00 and dressed delivered purchases from 288.00-292.00. Last week in the Western Cornbelt live FOB purchases traded steady at 183.00-185.00 and dressed delivered purchases from 288.00-292.00.

Negotiated Sales:

Confirmed:       163

Week Ago:        277

Year Ago:          235

Formula Net - Dressed Steers & Heifers:

Head count priced today:   32,600

Weighted avg. weight:        914.00

Weighted avg. net price:     295.91

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Cattle Slaughter under Federal Inspection

Tuesday               125,000

Week Ago             118,000

Year Ago               128,416

Week to Date       127,000

Last Week WTD   234,000

Last Year WTD     130,035

Monday

Steers & Heifers:   1,000

Cows & Bulls:        1,000

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Boxed Beef:

Cutout Values:

Choice: 310.67… +1.33

Select:  300.11… +4.29

Choice/Select Spread: 10.56

Total Load Count: 105

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Cutter Cow Cutout:

293.64… -0.54

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CME Feeder Cattle Index for August 30th:

240.80… -2.15 / -0.88%

1 Year Change: -3.27%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 179.27… +0.67

December: 178.85… +1.30

February: 179.57… +1.12

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Feeder Cattle:

September: 241.37… +0.90

October: 239.32… +1.57

November: 236.62… +1.37

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October Lean Hogs: 82.52… +0.30

October Crude Oil: 70.30… -3.25

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December Corn: 4.0925… +0.0825

December Wheat: 5.6675… +0.1525

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Grain Cash Bids:

Omaha Corn: 4.15… +0.13

Kansas City Wheat: 5.26… +0.23

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Financial Markets:

DJIA: 40,937.92… -625.03

S & P 500: 5,529.07… -119.31

NASDAQ: 17,136.30… -577.32

U.S. Dollar Index: 101.79… +0.14