Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports that as of 3:00 PM Thursday in the Southern Plains, cash has been moderate on trade and demand. Compared to last week in the Southern Plains live FOB purchases traded 2.00 higher at 185.00. In Nebraska and the Western Cornbelt negotiated cash trade has been slow on light demand. However not enough trade in either region for a market trend. 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 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:     17,166

Week Ago:        1,321

Year Ago:        10,747

Formula Net - Dressed Steers & Heifers:

Head count priced today:   42,600

Weighted avg. weight:         930.00

Weighted avg. net price:     293.31

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Cattle Slaughter under Federal Inspection

Thursday               124,000

Week Ago              122,000

Year Ago                124,119

Week to Date       487,000

Last Week WTD    493,000

Last Year WTD      504,007

Wednesday

Steers & Heifers:     96,000

Cows & Bulls:           23,000

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Boxed Beef:

Cutout Values:

Choice: 296.37... -1.80

Select:  282.37... -0.91

Choice/Select Spread: 14.00

Total Load Count: 157

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Cutter Cow Cutout:

278.63… -1.42

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CME Feeder Cattle Index for September 25th:

244.20… -0.10 / -0.04%

1 Year Change: -3.82%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 184.10… +1.05

December: 184.82… +0.50

February: 185.65… +0.15

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Feeder Cattle:

September: 245.40… +0.03

October: 246.92… +0.90

November: 244.97… +0.92

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December Lean Hogs: 73.92… -0.98

November Crude Oil: 67.31... -2.38

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December Corn: 4.1325… -0.0200

December Wheat: 5.8425… -0.0500

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Grain Cash Bids:

Omaha Corn: 4.04… +0.06

Kansas City Wheat: 4.86… +0.10

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Financial Markets:

DJIA: 42,175.17… +260.42

S & P 500: 5,745.40… +23.14

NASDAQ: 18,190.29… +105.78

U.S. Dollar Index: 100.55… -0.36