Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Thursday in the Texas Panhandle, negotiated cash has been moderate on trade and demand. Compared to last week live FOB purchases traded 2.00 lower at 181.00. In Kansas negotiated cash trade has been slow on light to moderate demand. Compared to last week live FOB purchases traded 1.00-2.00 lower at 181.00. In Nebraska negotiated cash trade has been slow on light demand. Last week live FOB purchases mostly at 184.00 and dressed delivered purchases from 288.00-292.00. In the Western Cornbelt negotiated cash trade has been slow on light demand. Last week live FOB purchases traded steady at 183.00-185.00 and dressed delivered purchases from 288.00-292.00.

Negotiated Sales:

Confirmed:      12,212

Week Ago:       15,832

Year Ago:           3,430

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,500

Weighted avg. weight:        896.00

Weighted avg. net price:     293.72

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Cattle Slaughter under Federal Inspection

Thursday             124,000

Week Ago             123,000

Year Ago               128,035

Week to Date       376,000

Last Week WTD   477,000

Last Year WTD     386,589

Wednesday

Steers & Heifers:   101,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 311.51… -0.09

Select:  296.78… -2.61

Choice/Select Spread: 14.73

Total Load Count: 135

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Cutter Cow Cutout:

293.74… -0.08

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CME Feeder Cattle Index for September 4th:

241.27… +1.74 / +0.73%

1 Year Change: -2.64%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 177.25… -1.97

December: 176.72… -2.18

February: 177.32… -2.18

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Feeder Cattle:

September: 237.12… -2.50

October: 234.57… -2.88

November: 231.67… -3.50

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October Lean Hogs: 80.70… -0.87

October Crude Oil: 69.18… -0.02

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December Corn: 4.1075… -0.0200

December Wheat: 5.7475… -0.0600

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Grain Cash Bids:

Omaha Corn: 4.25… +0.02

Kansas City Wheat: 5.29… -0.04

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Financial Markets:

DJIA: 40,756.07… -218.51

S & P 500: 5,503.41… -16.58

NASDAQ: 17,127.66… +43.36

U.S. Dollar Index: 101.09… -0.27