Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports that as of 3:00 PM Monday in all trading regions, negotiated cash trade has been at a standstill. Last week in the Southern Plains live FOB purchases traded at 183.00. In Nebraska last week in Nebraska live FOB purchases traded from 184.00-185.00, while dressed delivered purchases traded from 290.00- 292.00. In the Western Cornbelt last week live FOB purchases traded from 184.00-185.00, while dressed delivered purchases traded at 290.00, on a light test.

Negotiated Sales:

Confirmed:           102

Week Ago:         1,328

Year Ago:           None

Formula Net - Dressed Steers & Heifers:

Head count priced today:  45,600

Weighted avg. weight:        921.00

Weighted avg. net price:    289.33

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Cattle Slaughter under Federal Inspection

Monday                 107,000

Week Ago              121,000

Year Ago                125,592

Week to Date       107,000

Last Week WTD    121,000

Last Year WTD      125,692

Friday

Steers & Heifers:     86,000

Cows & Bulls:          22,000

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Boxed Beef:

Cutout Values:

Choice: 301.81… +1.62

Select:  287.79… -0.80

Choice/Select Spread: 14.02

Total Load Count: 97

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Cutter Cow Cutout:

286.64… +4.61

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CME Feeder Cattle Index for September 20th:

243.50… +0.24 / +0.10%

1 Year Change: -4.16%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 183.25… +0.78

December: 183.82… +0.62

February: 184.85… +1.08

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Feeder Cattle:

September: 245.10… +0.28

October: 244.47… +0.57

November: 242.75… +0.98

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December Lean Hogs: 74.87… +0.65

October Crude Oil: 70.53… -0.47

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December Corn: 4.1350… +0.1175

December Wheat: 5.8250… +0.1400

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Grain Cash Bids:

Omaha Corn: 4.08… +0.10

Kansas City Wheat: 5.17… +0.12

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Financial Markets:

DJIA: 42,124.19… +62.34

S & P 500: 5,718.56… +15.96

NASDAQ: 17,974.27… +25.95

U.S. Dollar Index: 100.88… -0.16