Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports that as of 3:00 PM Friday the Southern Plains, negotiated cash has been at a standstill. In the Southern plains on Thursday live FOB purchases traded at 185.00. In Nebraska and the Western Cornbelt negotiated cash trade has been mostly inactive on light demand, however not enough trade for an updated market trend. On Thursday in Nebraska live FOB purchases traded from 186.00-187.00, while dressed delivered purchases traded from 292.00-294.00 mostly at 294.00. On Thursday live FOB purchases traded from 185.00-187.00, while dressed delivered purchases traded at 294.00, on a light test.

Negotiated Sales:

Confirmed:       2,829

Week Ago:      40,103

Year Ago:          3,587

Formula Net - Dressed Steers & Heifers:

Head count priced today:   21,400

Weighted avg. weight:         898.00

Weighted avg. net price:     294.58

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Cattle Slaughter under Federal Inspection

Friday                    116,000

Week Ago              108,000

Year Ago                   95,581

Week to Date        603,000

Last Week WTD    601,000

Last Year WTD      599,588

Thursday

Steers & Heifers:    100,000

Cows & Bulls:            24,000

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Boxed Beef:

Cutout Values:

Choice: 296.69… +0.32

Select:  282.08… -0.29

Choice/Select Spread: 14.61

Total Load Count: 96

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Cutter Cow Cutout:

278.30… -0.33

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CME Feeder Cattle Index for September 26th:

245.53… +1.33 / +0.54%

1 Year Change: -3.06%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 183.75… -0.35

December: 184.47… -0.35

February: 185.55… -0.10

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Feeder Cattle:

October: 247.07… +0.15

November: 245.70… +0.73

January: 239.60… +0.85

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December Lean Hogs: 73.37… -0.55

November Crude Oil: 68.59… +0.92

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December Corn: 4.1800… +0.0475

December Wheat: 5.8000… -0.0425

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Grain Cash Bids:

Omaha Corn: 3.98… +0.02

Kansas City Wheat: 5.17… -0.03

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Financial Markets:

DJIA: 42,313.13… +137.96

S & P 500: 5,738.11… -7.29

NASDAQ: 18,119.59… -70.70

U.S. Dollar Index: 100.40… -0.12