Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Wednesday in the Texas Panhandle, Nebraska and the Western Cornbelt, negotiated cash trade has been at standstill. Last week in the Texas Panhandle live FOB purchases traded at 183.00. In Kansas negotiated cash trade has been slow on light demand, with a few early live FOB purchases at 180.00. 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 at 183.00-185.00 and dressed delivered purchases from 288.00-292.00.

Negotiated Sales:

Confirmed:        1,600

Week Ago:           710

Year Ago:           3,790

Formula Net - Dressed Steers & Heifers:

Head count priced today:   31,200

Weighted avg. weight:        918.00

Weighted avg. net price:    296.31

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Cattle Slaughter under Federal Inspection

Wednesday         125,000

Week Ago             120,000

Year Ago               128,519

Week to Date       252,000

Last Week WTD   354,000

Last Year WTD     258,554

Tuesday

Steers & Heifers:   101,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 311.60… +0.93

Select:  299.39… -0.72

Choice/Select Spread: 12.21

Total Load Count: 169

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Cutter Cow Cutout:

293.82... +0.18

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CME Feeder Cattle Index for September 3rd:

239.53… -1.27 / -0.53%

1 Year Change: -3.78%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 179.22… -0.05

December: 178.90… +0.05

February: 179.50… -0.07

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Feeder Cattle:

September: 239.62… -1.75

October: 237.45… -1.87

November: 235.17… -1.45

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October Lean Hogs: 81.57… -0.95

October Crude Oil: 68.83…-1.51

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December Corn: 4.1275… +0.0350

December Wheat: 5.8075… +0.1400

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Grain Cash Bids:

Omaha Corn: 4.23… +0.08

Kansas City Wheat: 5.33… +0.07

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Financial Markets:

DJIA: 40,974.58… +36.66

S & P 500: 5,519.99… -9.08

NASDAQ: 17,084.30… -52.00

U.S. Dollar Index: 101.31… -0.52