Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Friday in the Southern Plains, negotiated cash has been mostly inactive on light demand. The most recent market in the Southern Plains was Thursday with live FOB purchases at 181.00. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on light demand. Compared to Thursday in Nebraska live FOB purchases traded 1.00 lower at 180.00. On Thursday was the most recent dressed delivered purchases at 288.00. Compared to Thursday in the Western Cornbelt live FOB purchases mostly steady from 180.00-183.00. The most recent dressed delivered purchases were Thursday from 286.00-288.00.

Negotiated Sales:

Confirmed:        9,335

Week Ago:         6,010

Year Ago:         25,150

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,200

Weighted avg. weight:        908.00

Weighted avg. net price:     292.87

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Cattle Slaughter under Federal Inspection

Friday                   123,000

Week Ago             120,000

Year Ago               124,889

Week to Date       499,000

Last Week WTD   597,000

Last Year WTD     511,478

Thursday

Steers & Heifers:   101,000

Cows & Bulls:          23,000

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Boxed Beef:

Cutout Values:

Choice: 309.41… -2.10

Select:  296.12… -0.66

Choice/Select Spread: 13.29

Total Load Count: 135

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Cutter Cow Cutout:

291.67… -2.07

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CME Feeder Cattle Index for September 5th:

242.18… +0.91 / +0.38%

1 Year Change: -2.15%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 175.17… -2.08

December: 174.40… -2.02

February: 175.40… -1.92

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Feeder Cattle:

September: 234.30… -2.82

October: 230.95… -3.62

November: 228.02… -3.65

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October Lean Hogs: 79.50… -1.20

October Crude Oil: 68.12… -1.03

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December Corn: 4.0625… -0.0450

December Wheat: 5.6700… -0.0775

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Grain Cash Bids:

Omaha Corn: 4.21… -0.04

Kansas City Wheat: 5.18… -0.11

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Financial Markets:

DJIA: 40,346.20… -409.87

S & P 500: 5,408.56… -94.85

NASDAQ: 16,693.99… -433.67

U.S. Dollar Index: 101.17… +0.06