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 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:           285

Week Ago:            473

Year Ago:         14,291

Formula Net - Dressed Steers & Heifers:

Head count priced today:   27,600

Weighted avg. weight:         896.00

Weighted avg. net price:     291.28

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Cattle Slaughter under Federal Inspection

Wednesday          120,000

Week Ago              125,000

Year Ago                126,122

Week to Date       363,000

Last Week WTD    371,000

Last Year WTD      379,888

Tuesday

Steers & Heifers:   120,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 298.17… -3.72

Select:  283.28… -3.59

Choice/Select Spread: 14.89

Total Load Count: 170

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Cutter Cow Cutout:

280.05… -6.61

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CME Feeder Cattle Index for September 24th:

244.30… +0.28 / +0.11%

1 Year Change: -3.84%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 183.05… -0.15

December: 184.32… -0.08

February: 185.50… +0.08

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Feeder Cattle:

September: 245.37… +0.42

October: 246.02… +0.22

November: 244.05… +0.65

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December Lean Hogs: 74.90… -0.07

November Crude Oil: 69.73… -1.83

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December Corn: 4.1525… +0.0350

December Wheat: 5.8925… +0.1125

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Grain Cash Bids:

Omaha Corn: 3.98… +0.03

Kansas City Wheat: 4.76… +0.11

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Financial Markets:

DJIA: 41,928.44… -279.78

S & P 500: 5,723.47… -11.85

NASDAQ: 18,084.51… +6.91

U.S. Dollar Index: 100.94… +0.47