Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported at 3:00 PM Monday that in the Southern Plains and Nebraska, negotiated cash trade has been at a standstill. In the Western Cornbelt negotiated cash trade has been mostly inactive on very light demand. Last week in the Southern Plains live FOB purchases traded at 186.00. Last week in Nebraska live purchases traded at 187.00 while dressed purchases traded at 296.00. Last week live FOB purchases traded from 187.00-188.00, while dressed purchases at 296.00.

Negotiated Sales:

Confirmed:       176

Week Ago:        234

Year Ago:          420

Formula Net - Dressed Steers & Heifers:

Head count priced today:  36,500

Weighted avg. weight:           922

Weighted avg. net price:    296.10

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Cattle Slaughter under Federal Inspection

Monday                 110,000

Week Ago              119,000

Year Ago                123,196

Week to Date        110,000

Last Week WTD    119,000

Last Year WTD      123,196

Friday

Steers & Heifers:      87,000

Cows & Bulls:           21,000

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Boxed Beef:

Cutout Values:

Choice: 305.93… +3.35

Select:  289.33… +1.72

Choice/Select Spread: 16.60

Total Load Count: 106

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Cutter Cow Cutout:

276.37… -0.32

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CME Feeder Cattle Index for October 4th:

247.48… +0.70 / +0.28%

1 Year Change: -0.90%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 187.47… +0.47

December: 187.02… +0.02

February: 188.30… +0.35

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Feeder Cattle:

October: 248.85… -0.77

November: 249.15… -0.12

January: 246.17… +1.80

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December Lean Hogs: 76.82… +0.67

November Crude Oil: 77.34… +2.96

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December Corn: 4.2600… +0.0125

December Wheat: 5.9250… +0.0275

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Grain Cash Bids:

Omaha Corn: 4.08… -0.01

Kansas City Wheat: 5.43… +0.05

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Financial Markets:

DJIA: 41,958.54… -394.21

S & P 500: 5,696.31… -54.76

NASDAQ: 17,926.04… -209.29

U.S. Dollar Index: 102.51… -0.01