Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports that as of 3:00 PM Thursday in the Southern Plains, negotiated cash trade was 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. In the Western Cornbelt and Nebraska negotiated cash trade was mostly inactive on light demand. Last week in Nebraska live FOB purchases traded from 181.00-182.00, while dressed delivered purchases traded from 288.00-294.00. Last week in the Western Cornbelt live FOB purchases traded from 182.00-184.00, while dressed delivered purchases traded from 288.00-294.00.

Negotiated Sales:

Confirmed:         1,321

Week Ago:          2,259

Year Ago:           4,327

Formula Net - Dressed Steers & Heifers:

Head count priced today:   35,100

Weighted avg. weight:         916.00

Weighted avg. net price:     288.42

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Cattle Slaughter under Federal Inspection

Thursday               122,000

Week Ago              123,000

Year Ago                125,985

Week to Date       493,000

Last Week WTD    485,000

Last Year WTD      500,412

Wednesday

Steers & Heifers:   101,000

Cows & Bulls:           24,000

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Boxed Beef:

Cutout Values:

Choice: 299.56… -1.82

Select:  288.26… -1.49

Choice/Select Spread: 11.30

Total Load Count: 170

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Cutter Cow Cutout:

283.47… -1.76

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CME Feeder Cattle Index for September 18th:

244.42… +1.03 / +0.42%

1 Year Change: -3.34%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 179.97… +1.67

December: 181.12… +1.27

February: 182.35… +1.28

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Feeder Cattle:

September: 245.27… +2.45

October: 243.77… +3.82

November: 241.35… +3.23

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December Lean Hogs: 74.30… +0.43

October Crude Oil: 71.98… +1.07

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December Corn: 4.0575… -0.0700

December Wheat: 5.6550… -0.1025

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Grain Cash Bids:

Omaha Corn: 3.90… -0.08

Kansas City Wheat: 5.05… -0.14

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Financial Markets:

DJIA: 42,031.30… +527.67

S & P 500: 5,714.44… +96.14

NASDAQ: 18,016.18… +442.88

U.S. Dollar Index: 100.65… +0.05