Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports that as of 3:00 PM in the Texas Panhandle, negotiated cash trade has been slow on light demand. Compared to last week live FOB purchases traded 2.00 higher at 183.00. In Kansas negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded 2.00-3.00 higher at 183.00. In Nebraska negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded 2.00-3.00 higher at 184.00. Compared to last week dressed delivered purchases traded 2.00 higher from 290.00-292.00. In the Western Cornbelt negotiated cash trade and demand has been moderate. Compared to last week live FOB purchases traded 1.00-2.00 higher from 184.00-185.00. Not enough dressed for a market trend. Last week dressed delivered purchases traded from 288.00-294.00.

Negotiated Sales:

Confirmed:       40,103

Week Ago:        21,337

Year Ago:           5,612

Formula Net - Dressed Steers & Heifers:

Head count priced today:   37,400

Weighted avg. weight:         905.00

Weighted avg. net price:     288.38

-

Cattle Slaughter under Federal Inspection

Friday                    108,000

Week Ago              118,000

Year Ago                113,386

Week to Date       601,000

Last Week WTD    603,000

Last Year WTD      613,798

Thursday

Steers & Heifers:     98,000

Cows & Bulls:           24,000

-

Boxed Beef:

Cutout Values:

Choice: 300.19… +0.63

Select:  288.59… +0.33

Choice/Select Spread: 11.60

Total Load Count: 130

-

Cutter Cow Cutout:

282.03… -1.44

-

CME Feeder Cattle Index for September 19th:

243.26… -1.16 / -0.47%

1 Year Change: +4.01%

52 Week Range: 215.33 to 261.88

-

Futures Settlements:

Live Cattle:  

October: 182.47… +2.50

December: 183.20… +2.08

February: 183.77… +1.42

-

Feeder Cattle:

September: 244.82… -0.45

October: 243.90… +0.13

November: 241.77… +1.42

-

December Lean Hogs: 74.22… -0.08

October Crude Oil: 71.77… -0.18

-

December Corn: 4.0175… -0.0400

December Wheat: 5.6850… +0.0300

-

Grain Cash Bids:

Omaha Corn: 3.90… -0.02

Kansas City Wheat: 5.05… +0.03

-

Financial Markets:

DJIA: 42,061.85… +30.55

S & P 500: 5,702.60… -11.84

NASDAQ: 17,948.32… -67.86

U.S. Dollar Index: 100.74… -0.13