Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports at 3:00 PM Thursday, negotiated cash trade has been mostly inactive on light demand in all trading regions. Not enough purchases in any feeding region for an adequate market test. The latest established market in the Southern Plains was last week with live purchases at 185.00. Last week in Nebraska live purchases traded mostly at 187.00 with dressed purchases at 294.00. For the previous week in the Western Cornbelt, live purchases traded from 186.00-187.00 with dressed purchases trading from 292.00-294.00 on a light test.

Negotiated Sales:

Confirmed:            345

Week Ago:        17,166

Year Ago:          24,761

Formula Net - Dressed Steers & Heifers:

Head count priced today:  43,300

Weighted avg. weight:            912

Weighted avg. net price:    297.12

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Cattle Slaughter under Federal Inspection

Thursday                124,000

Week Ago               124,000

Year Ago                 124,865

Week to Date        491,000

Last Week WTD    487,000

Last Year WTD      498,753

Wednesday

Steers & Heifers:    102,000

Cows & Bulls:           22,000

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Boxed Beef:

Cutout Values:

Choice: 299.80… -0.01

Select:  283.29… -0.64

Choice/Select Spread: 16.51

Total Load Count: 146

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Cutter Cow Cutout:

274.43… -0.69

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CME Feeder Cattle Index for October 2nd:

248.25… +1.01 / +0.41%

1 Year Change: +1.41%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 186.00… -1.42

December: 186.40… -1.30

February: 187.75… -0.65

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Feeder Cattle:

October: 248.97… -0.75

November: 248.12… -0.43

January: 242.55… +0.48

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December Lean Hogs: 76.40… -0.35

November Crude Oil: 74.02… +3.92

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December Corn: 4.2825… -0.0425

December Wheat: 6.0350… -0.1175

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Grain Cash Bids:

Omaha Corn: 4.13… -0.05

Kansas City Wheat: 5.52… -0.07

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Financial Markets:

DJIA: 42,011.39… -186.30

S & P 500: 5,699.96… -9.31

NASDAQ: 17,918.48… -5.38

U.S. Dollar Index: 101.96… +0.28