Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reports at 3:00 PM Friday in the Southern Plains negotiated cash has been moderate on trade and demand. Compared to last week in the Southern Plains live FOB purchases traded 1.00 higher at 186.00. In the Western Cornbelt and Nebraska negotiated cash trade has been slow on light demand. Not enough purchases in either region for an adequate market test. 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:       16,183

Week Ago:          2,829

Year Ago:            9,714

Formula Net - Dressed Steers & Heifers:

Head count priced today:  33,600

Weighted avg. weight:           904

Weighted avg. net price:   294.16

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Cattle Slaughter under Federal Inspection

Friday                     108,000

Week Ago               116,000

Year Ago                 111,017

Week to Date        599,000

Last Week WTD    603,000

Last Year WTD      609,770

Thursday

Steers & Heifers:    100,000

Cows & Bulls:            24,000

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Boxed Beef:

Cutout Values:

Choice: 302.58... +2.78

Select:  287.61... +4.32

Choice/Select Spread: 14.97

Total Load Count: 105

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Cutter Cow Cutout:

276.69… +2.26

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CME Feeder Cattle Index for October 3rd:

246.78… -1.47 / -0.59%

1 Year Change: -2.03%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 187.00… +1.00

December: 187.00… +0.60

February: 187.95… +0.20

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Feeder Cattle:

October: 249.62… +0.65

November: 249.27… +1.15

January: 244.37… +1.82

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December Lean Hogs: 76.15… -0.25

November Crude Oil: 74.47... +0.76

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December Corn: 4.2475… -0.0350

December Wheat: 5.8975… -0.1375

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Grain Cash Bids:

Omaha Corn: 4.09… -0.04

Kansas City Wheat: 5.38… -0.14

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Financial Markets:

DJIA: 42,342.99… +331.60

S & P 500: 5,749.80… +49.84

NASDAQ: 18,135.33… +216.85

U.S. Dollar Index: 102.49… +0.50