Texas Daily Ag Market News Summary

Fed Cattle: 

As of 3:00 PM Monday in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt Negotiated cash trade has been mostly inactive on light demand. Last week in the Texas Panhandle week live FOB purchases traded from 180.00-181.00. Last week in Kansas week live FOB purchases traded at 181.00. Last week in Nebraska live FOB purchases traded from 180.00-181.00, while dressed delivered purchases traded at 288.00. Last in the Western Cornbelt week live FOB purchases traded from 180.00-183.00, while dressed delivered purchases traded from 286.00-288.00.

Negotiated Sales:

Confirmed:           281

Week Ago:         None

Year Ago:              190

Formula Net - Dressed Steers & Heifers:

Head count priced today:  41,700

Weighted avg. weight:        882.00

Weighted avg. net price:     290.82

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Cattle Slaughter under Federal Inspection

Monday               114,000

Week Ago                 2,000

Year Ago               123,407

Week to Date       114,000

Last Week WTD        2,000

Last Year WTD      123,407

Friday

Steers & Heifers:   101,000

Cows & Bulls:           22,000

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Boxed Beef:

Cutout Values:

Choice: 308.52… -0.89

Select:  298.49… +2.37

Choice/Select Spread: 10.03

Total Load Count: 141

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Cutter Cow Cutout:

293.92... +2.25

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CME Feeder Cattle Index for September 6th:

243.92… +1.74 / +0.72%

1 Year Change: -2.60%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 176.92… +1.75

December: 176.80… +2.10

February: 177.75… +2.35

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Feeder Cattle:

September: 237.72… +3.42

October: 234.72… +3.77

November: 231.82… +3.80

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October Lean Hogs: 78.80… -0.70

October Crude Oil: 68.56… +0.89

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December Corn: 4.0725… +0.0100

December Wheat: 5.6850… +0.0150

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Grain Cash Bids:

Omaha Corn: 4.08… +0.01

Kansas City Wheat: 5.16… -0.02

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Financial Markets:

DJIA: 40,828.04… +481.84

S & P 500: 5,471.43… +62.87

NASDAQ: 16,886.15… +192.16

U.S. Dollar Index: 101.59… +0.42