Texas Daily Ag Market News Summary

Fed Cattle: 

USDA reported at 3:00 PM on Tuesday 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 in the Western Cornbelt live FOB purchases traded from 187.00-188.00, while dressed purchases at 296.00.

Negotiated Sales:

Confirmed:       326

Week Ago:          72

Year Ago:          637

Formula Net - Dressed Steers & Heifers:

Head count priced today:  28,500

Weighted avg. weight:             906

Weighted avg. net price:    296.55

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Cattle Slaughter under Federal Inspection

Tuesday                 124,000

Week Ago              124,000

Year Ago                 128,138

Week to Date        234,000

Last Week WTD    243,000

Last Year WTD      251,334

Monday

Steers & Heifers:      88,000

Cows & Bulls:            22,000

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Boxed Beef:

Cutout Values:

Choice: 306.84… +0.91

Select:  288.61… -0.72

Choice/Select Spread: 18.23

Total Load Count: 118

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Cutter Cow Cutout:

275.36… -1.01

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CME Feeder Cattle Index for October 7th:

248.75… +1.27 / +0.51%

1 Year Change: -0.39%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 188.47… +1.00

December: 187.87… +0.85

February: 188.95… +0.65

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Feeder Cattle:

October: 250.32… +1.47

November: 250.30… +1.15

January: 247.45… +1.28

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December Lean Hogs: 77.17… +0.35

November Crude Oil: 73.94... -3.20

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December Corn: 4.2075… -0.0525

December Wheat: 5.9475… +0.0225

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Grain Cash Bids:

Omaha Corn: 4.08… -0.02

Kansas City Wheat: 5.44… +0.01

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Financial Markets:

DJIA: 42,075.32… +116.78

S & P 500: 5,750.69… +54.38

NASDAQ: 18,182.34… +256.30

U.S. Dollar Index: 102.51… -0.03