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 live FOB purchases traded at 183.00. In Nebraska last week live FOB purchases traded from 184.00-185.00, while dressed delivered purchases traded from 290.00-292.00. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. 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:           580

Week Ago:            102

Year Ago:         15,880

Formula Net - Dressed Steers & Heifers:

Head count priced today:   30,200

Weighted avg. weight:         899.00

Weighted avg. net price:     292.88

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Cattle Slaughter under Federal Inspection

Tuesday                125,000

Week Ago              125,000

Year Ago                128,174

Week to Date       243,000

Last Week WTD    246,000

Last Year WTD      253,766

Monday

Steers & Heifers:     95,000

Cows & Bulls:          23,000

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Boxed Beef:

Cutout Values:

Choice: 301.89… +0.08

Select:  286.87… -0.92

Choice/Select Spread: 15.02

Total Load Count: 140

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Cutter Cow Cutout:

286.66… +0.02

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CME Feeder Cattle Index for September 23rd:

244.02… +0.52 / +0.21%

1 Year Change: -3.95%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 183.20… -0.05

December: 184.40… +0.58

February: 185.42… +0.57

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Feeder Cattle:

September: 244.95… -0.15

October: 245.80… +1.33

November: 243.40… +0.65

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December Lean Hogs: 74.97… +0.10

October Crude Oil: 71.56… +1.19

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December Corn: 4.1175… -0.0175

December Wheat: 5.7800… -0.0450

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Grain Cash Bids:

Omaha Corn: 4.07… -0.01

Kansas City Wheat: 5.11… -0.06

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Financial Markets:

DJIA: 42,231.63… +107.44

S & P 500: 5,735.32… +16.76

NASDAQ: 18,077.60… +103.33

U.S. Dollar Index: 100.40… -0.45