Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports that as of 3:00 PM Tuesday in the Southern Plains and Nebraska,  negotiated cash trade has been at a standstill. Last week in the Southern Plains the Texas Panhandle live FOB purchases traded at 181.00, while Kansas live FOB purchases traded from 180.00-181.00. Last week in Nebraska live FOB purchases traded from 181.00-182.00, while dressed delivered purchases traded from 288.00- 294.00. In the Western Cornbelt Negotiated cash trade has been mostly inactive on light demand. Last week live FOB purchases traded from 182.00-184.00, while dressed delivered purchases traded from 288.00-294.00.

Negotiated Sales:

Confirmed:            102

Week Ago:             405

Year Ago:            1,166

Formula Net - Dressed Steers & Heifers:

Head count priced today:   33,700

Weighted avg. weight:         913.00

Weighted avg. net price:     291.71

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Cattle Slaughter under Federal Inspection

Tuesday                 125,000

Week Ago              124,000

Year Ago                125,878

Week to Date       246,000

Last Week WTD    238,000

Last Year WTD      246,826

Monday

Steers & Heifers:     98,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 303.91… -0.66

Select:  292.22… +0.08

Choice/Select Spread: 11.69

Total Load Count: 156

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Cutter Cow Cutout:

289.36… +1.43

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CME Feeder Cattle Index for September 16th:

243.44… +0.76 / +0.31%

1 Year Change: -3.68%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 178.80… +1.58

December: 179.85… +1.50

February: 181.00… +1.53

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Feeder Cattle:

September: 243.30… +2.00

October: 240.75… +1.75

November: 238.30… +2.73

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December Lean Hogs: 73.70… +1.53

October Crude Oil: 71.36… +1.27

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December Corn: 4.1250… +0.0175

December Wheat: 5.7575… -0.0275

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Grain Cash Bids:

Omaha Corn: 3.82… +0.01

Kansas City Wheat: 5.20... -0.01

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Financial Markets:

DJIA: 41,607.23… -15.18

S & P 500: 5,634.71… +1.52

NASDAQ: 17,628.06… +35.93

U.S. Dollar Index: 100.98… -0.22