Texas Daily Ag Market News Summary

Fed Cattle: 

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

Negotiated Sales:

Confirmed:            254

Week Ago:               47

Year Ago:              220

Formula Net - Dressed Steers & Heifers:

Head count priced today:  29,300

Weighted avg. weight:            936

Weighted avg. net price:   300.18

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Cattle Slaughter under Federal Inspection

Monday                 120,000

Week Ago              120,000

Year Ago                 124,928

Week to Date        120,000

Last Week WTD    120,000

Last Year WTD      124,928

Friday

Steers & Heifers:      85,000

Cows & Bulls:            21,000

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Boxed Beef:

Cutout Values:

Choice: 322.86… +2.21

Select:  296.21… +2.01

Choice/Select Spread: 26.65

Total Load Count: 118

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Cutter Cow Cutout:

276.90… +0.04

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CME Feeder Cattle Index for October 18th:

250.26… -0.54 / -0.22%

1 Year Change: +2.75%

52 Week Range: 215.33 to 261.88

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Futures Settlements:

Live Cattle:  

October: 187.00… -0.62

December: 187.82… -0.50

February: 187.62… -0.50

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Feeder Cattle:

October: 247.57… -0.75

November: 246.60… -1.00

January: 244.25… -1.25

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December Lean Hogs: 78.27… +0.45

November Crude Oil: 70.54… +1.32

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December Corn: 4.0950… +0.0475

December Wheat: 5.7225… -0.0050

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Grain Cash Bids:

Omaha Corn: 3.92… +0.04

Kansas City Wheat: 5.22… +0.01

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Financial Markets:

DJIA: 42,937.60… -338.18

S & P 500: 5,854.78… -9.90

NASDAQ: 18,541.46… +51.91

U.S. Dollar Index: 103.90… +0.48