Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports that as of 3:00 PM Wednesday 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:            473

Week Ago:          3,002

Year Ago:          14,334

Formula Net - Dressed Steers & Heifers:

Head count priced today:  21,300

Weighted avg. weight:        904.00

Weighted avg. net price:    289.88

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Cattle Slaughter under Federal Inspection

Wednesday          125,000

Week Ago              124,000

Year Ago                127,601

Week to Date       371,000

Last Week WTD    362,000

Last Year WTD      374,427

Tuesday

Steers & Heifers:   101,000

Cows & Bulls:          24,000

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Boxed Beef:

Cutout Values:

Choice: 301.38… -2.53

Select:  289.75… -2.47

Choice/Select Spread: 11.69

Total Load Count: 156

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Cutter Cow Cutout:

285.23… -4.13

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CME Feeder Cattle Index for September 17th:

243.39… -0.05 / -0.02%

1 Year Change: -3.70%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 178.30… -0.50

December: 179.85… Unchanged

February: 181.07… +0.07

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Feeder Cattle:

September: 242.82… -0.48

October: 239.95… -0.80

November: 238.12… -0.18

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December Lean Hogs: 73.87… +0.17

October Crude Oil: 70.01… -1.18

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December Corn: 4.1275… +0.0025

December Wheat: 5.7575… Unchanged

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Grain Cash Bids:

Omaha Corn: 3.84… +0.02

Kansas City Wheat: 5.19… -0.01

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Financial Markets:

DJIA: 41,503.63… -103.60

S & P 500: 5,618.30… -16.41

NASDAQ: 17,573.30… -54.76

U.S. Dollar Index: 101.12… +0.23